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PUBLIC DOCUMENT .... .... No. 9. 



FORTY-THIRD ANNUAL REPORT 



or THE 



Insurance Commissioner 



Commflnfofaltk of $$tassaKbtts*tis* 



January 1, 1898. 



PART I. 

FIRE AND MARINE INSURANCE. 



BOSTON : 
WRIGHT & POTTER PRINTING CO., STATE PRINTERS, 

18 Tost Office Square. 

1898. 



nm i mm, 

STATE HOUSE, BOSTON. 

Af ; " 1898 






. 



TABLE OF CONTENTS. 



[For Index to Companies, see end of volume.] 



COMMISSIONER'S REPORT. 

PAGE 

Introductory, ...... v 

Companies authorized during 1897, v 

Companies admitted since Jan. 1, 1898, vi 

Companies ceasing to do business during 1897, ...... vi 

Annual statement blank, viii 

Reinsurance in unauthorized companies, ....... ix 

Opinion of the Attorney-General, x 

Risks in a town or fire insurance district, ...... xiii 

The Fire Marshal's accounts, xiv 

Insolvent mutual fire insurance companies, xiv 

State Fire Marshal's report, xvii 

The resignation of Hon. George S. Merrill, xvii 

Receipts and expenses of the department, xviii 

Comparative tables, . xix 

Massachusetts Mutual Fire Insurance Companies: 

Comparative Table A, xxi 

Massachusetts Mutual Fire-Marine Insurance Companies : 

Comparative Table B, .......... . xxi 

Massachusetts Joint-Stock Insurance Companies : 

Comparative Table C, xxii 

Insurance Companies of Other States: 

Comparative Table D, .......... xxiii 

United States Branches of Foreign Insurance Companies : 

Comparative Table E, xxiv 

Aggregates of all the companies, xxv 

Massachusetts Business : 

Comparative Table F, .......... . xxvi 

Table G. — Fire risks written, premiums received and losses incurred in 

Massachusetts, xxvi 

Statistical tables, . xxvii 



IV 



TABLE OF CONTENTS. 



Mass\chusetts Mutual Fitje Insurance Companies: 

Table I. —Risks, assets, liabilities and surplus, . 
Table II. — Gross cash income and expenditures, premiums, losses and 
expenses, 

Massachusetts Mutual Marine Insurance Companies :■ 

Table III. — Guaranty fund, scrip, risks, assets, liabilities and surplus, . 
Table IV. — Gross cash income and expenditures, premiums, losses and 



expenses, 



PAGE 



xxvni 



XXX 



XXXU 



XXX11 



Massachusetts Joint-Stock Insurance Companies: 

Table V. — Cash capital, risks, assets, liabilities and surplus, . . . xxxiii 

Table VI. — Risks written, premiums received and losses paid, . . xxxiv 

Table VII. — Gross cash income and expenditures, expenses and dividends, xxxiv 



Insurance Companies of Other States: 

Table VIII. — Cash capital, risks, assets, liabilities and surplus, . 

Table IX. — Risks written, premiums received and losses paid, 

Table X. — Gross cash income and expenditures, expenses and dividends, 

United States Branches : 

Table XI. — Showing deposits, etc., 

Table XII. — Income, expenditures, expenses, etc., 



xxxv 

xlii 
xlvi 



liv 



Massachusetts Business in Detail : 

Table XIII, 

Table XIV. — Receipts and expenditures of the insurance department, 



lvi 
lxii 



DETAILED STATEMENTS. 

Massachusetts mutual fire companies, ...... 

Massachusetts mutual marine companies, 

Massachusetts joint-stock fire, marine and fire-marine companies, 
Fire, marine and fire-marine insurance companies of other States, 
United Slates branches of foreign companies, .... 



1 

89 

97 

117 

401 



Appendix, 



499 



Cammmitoealily of lltassatfmsttig. 



Insurance Department, Boston, April 5, 1898. 
To the Honorable the Senate and House of Representatives. 

Herewith is submitted, in compliance with the provisions of 
law, Part I., relating to fire and marine insurance, of the forty- 
third annual report of the Insurance Commissioner. 

Since the last annual report the changes in companies au- 
thorized to transact in this Commonwealth the branches of 
insurance dealt with herein are as follows : - — 



Companies authorized during the Year 1897. 



NAME OF COMPANY. 



Location. 



Date of Authority. 



Aachen and Munich, . • . 
Insurance Company, State of New 

York. 
Farmers' Fire, 
Harvard Mutual,* 
Home Mutual, 
Grand Rapids Fire, 
Buffalo Commercial, . 
Merchants' and Manufacturers' 
German Alliance, 
Transatlantic, 
Reliance Marine, . 
Assurance Company of America, 
Underwriters at American Lloyds, 
Broadway, . 
Erie Fire, 
Baloise Fire, 
National Fire, 
Alliance Assurance, 
Netherlands Fire, 
Law Union and Crown, 
North British and Mercantile, 
Northern, .... 
Lincoln Fire,f 



Germany, . 
New York, . 

York, Pa., . 
Boston, 
San Francisco, 
Grand Rapids, 
Buffalo, 
Baltimore, . 
New York, 
Germany, 
England, 
New York, 
New York, 
New York, 
Buffalo, 
Switzerland, 
Baltimore, . 
England, 
Holland, 
England, 
New York, . 
New York, . 
New York, . 



January 21. 

January 21. 

January 25. 

February 3. 

February 12. 

February 15. 

February 15. 

February 25. 

February 27. 

March 4. 



March 

March 

March 

April 

June 

July 

August 

August 



9. 
23, 
27. 
24. 
15. 
19. 

4. 

6. 
13. 
14. 



August 
August 
September 2 
December 4 
December 31 



* This company practically did no business, and the directors voted, Feb. 15, 1898, to 
discontinue, and close its affairs. 

f The authority of this company was revoked April 2, 1898, an examination by the 
New York department disclosing an impairment of over $250,000. 



VI 



REPORT OF THE 



Companies admitted since Jan. 1, 1898. 



NAME OF COMPANY. 



Location. 



Date of Authority. 



Rockford, ...... 


Rockford, 111., 


January 1. 


State Fire, 


England, 


January 6. 


Washington Assurance, 


New York, . 


February 2. 


Liverpool and London and Globe, 


New York, . 


February 3. 


Magdeburg Fire, 


New York, . 


February 9. 


Wisconsin Fire, 


Milwaukee, 


March 9. 


Lafayette Fire, 


New York, . 


March 9. 


Southern, ...... 


New Orleans, 


March 11. 


Millers' National, .... 


Chicago, 111., 


March 14. 


North River, ..... 


New York, . 


March 15. 


International, ..... 


New York, . 


March 18. 


Caledonian-American, .... 


New York, . 


March 29. 


Traders', 


New York, . 


April 1. 


American, . . . 


Baltimore, . 


April 5. 



Companies ceasing to do Business during the Year 1897. 



NAME OF COMPANY. 


Location. 


Date. 


Remarks. 


Eastern Mutual, 


Boston, 


Feb. 2, 


Fred'k H. Kidder, re- 
ceiver. 


Ash field Mutual, 


Ashfield, . 


Feb. 12, 


Directors voted to can- 
cel policies. 


Reliance Marine, 


England, . 


Mar. 3, 


License revoked.* 


Continental Mutual, . . 


Boston, 


Mar. 22, 


Edw'd I. Baker, re- 
ceiver. 


Assurance Lloyds of 


New York, 


April 1, 


Reinsured in Assur- 


America. 






ance Company of 
America. 


Old Colony Mutual, 


Boston, 


April 2, 


Wm. B. French, re- 
ceiver. 


W T estford Mutual, . 


Westford, . 


May 1, 


Policy holders voted to 
dissolve. 


Eagle Mutual, . 


Boston, 


May 17, 


R. D. Weston-Smith, 
receiver. 


Franklin Mutual, 


Greenfield, 


May 28, 


Reinsured in Globe 
Insurance Company. 


New England Mutual, . 


Boston, 


July 6, 


Henry A. Wyman, re- 
ceiver. 


Business Men's Mutual, . 


Boston, 


July 27, 


Reinsured in Fire- 
men's, Maryland. 



* Readmitted March 9. 



INSURANCE COMMISSIONER. VI I 

The companies now transacting business pertaining to fire 
or marine insurance in Massachusetts, including those admitted 
since Jan. 1, 1898, are classified as follows : — 

Massachusetts Mutual Fire, 46 

Massachusetts Mutual Marine, 3 

Massachusetts Joint-stock, 6 

Companies of other States, . . . . . 117 

United States branches of foreign companies, . . 43 

Total, . 215 

Especial attention is called to the list of companies which 
ceased to do business during the year 1897, Six of them 
were small mutual fire insurance companies, a majority of 
which never had an excuse for life, and the most becoming 
thing they ever did was to leave it. Their existence was a 
public scandal, and gives a perfect illustration of the evil uses 
to which good laws may be put, or, perhaps better, shows 
how, under the same code of laws, companies are begotten 
which are a reproach to every principle of decency in business 
or morals, and go down to an early grave in dishonor, while 
others pursue a career marked by honorable and fair dealing, 
and take their places among the useful institutions of the State. 
The difference is in those who manage them. Laws cannot be 
made fast enough to restrain some men. They are constantly 
looking for weak places through which they may break and get 
at the dollar just in sight. Stop the place by a statute, and 
another weak spot is soon found. Thus it is a contest of wits 
between law makers and certain men who desire to prey upon 
their fellows in spite of the law. The enactments relating to 
mutual fire insurance companies in the last three or four years 
will bear out this statement. Just now it looks as if the laws 
have the best of it ; but there is no knowing where the next 
outbreak will come. 

Of course these strictures do not apply to all the attempts 
to organize mutual fire insurance companies in this State within 
the past three or four years ; but in too many cases they were 
conceived in greed, managed scandalously if not criminally, 
and thrown aside when they would no longer serve the selfish 
purpose of their sponsors. The insuring public has suffered by 
them, the good name of the State has been smirched, and re- 



VI 11 REPORT OF THE 

flection cast upon the fair reputation of those mutual companies 
which for years have been pursuing and are still pursuing the 
honest and even tenor of their way. The worst is apparently 
over, but no one can read the record of the past without regret. 



Annual Statement Blank. 

The form of blank furnished by this department to the fire 
and marine companies for making statements of their financial 
condition was the outcome of the first convention of State 
insurance officials, which was held in New York in 1871-72. 
Indeed, one main purpose of the gathering was to unite, if 
possible, upon a uniform blank, in which should be combined 
all the good points which the wisdom and experience of the 
department officials could suggest and agree upon. The subject 
was earnestly and thoroughly discussed by the best-informed 
and most expert men in the insurance business, and the result 
was a blank which was continued in use by most of the States, 
without change, until modified by the convention in St. Paul, 
Minn., in 1877, by an amendment suggested by Hon. John A. 
McCall, then insurance commissioner of New York, which pro- 
vided for computing the unearned premium upon a pro rata 
basis. 

There were no further important changes until 1881, when 
the committee on blanks recommended the present form of in- 
come statement, which was adopted and has remained with 
practically no change since that time. 

In 1892 the question of amendments again came up by the 
presentation of a report by the committee on blanks, consisting 
of J. A. McEwen of Ohio, Aug. F. Harvey of Missouri, J. J. 
Brinkerhoff of Illinois and Isaac Yanclerpoel of New York. It 
appears from the report of the official proceedings that this 
committee entered upon its work with the intention of com- 
pleting a blank which would meet all requirements. Several 
months prior to the meeting of the convention a specimen 
blank which met the approval of the committee was submitted 
to the officials of the insurance department of each State and 
Territory, with a request that it be examined and a report be 
made of the views of the various departments concerning it. 
From twenty-two States came a favorable reply ; Arkansas, 



INSURANCE COMMISSIONER. IX 

Connecticut and Iowa declined to put the blank in use, and the 
rest of the States failed to respond. 

When the matter came before the convention it was thoroughly 
discussed, and the convention recommended the readoption of 
the blank, with no dissenting vote. The great purpose of these 
conferences and discussions was to secure a blank which should 
show the financial condition of the companies in sufficient de- 
tail, and be acceptable to all the departments, thus establishing 
a uniformity of requirement of the companies which would ren- 
der their work in making statements much less burdensome 
than under an order of procedure where each State acted in- 
dependently of every other. This may be said to have been 
fairly well accomplished, when the last convention, disregard- 
ing the protests of many of the State officials, adopted a new 
blank, which, not being acceptable to many of the States, de- 
stroyed the uniformity that had been secured after the expendi- 
ture of so much time and effort. 

This new blank is alleged to be more logical and scientific 
than the old, but it adds nothing to its clearness or comprehen- 
siveness. The change is therefore to be deplored not only by 
the companies but by the departments, which have a realizing 
sense of the immense amount of labor it entails to make such 
a radical departure, — labor that would be rewarded by no 
valued additional information which would at all compensate 
for the confusion and expense of the change. The elaborate 
statement called for by this new blank did not appear to this 
department, and to several others as well, to justify the labor 
and expense of changing the entire system of accounts of the 
companies, nor the vexations and endless correspondence in- 
evitable to the department official who conscientiously makes 
an audit of the statements coming to him ; and for that reason 
the Insurance Commissioner decided to retain the blank which 
has served so good a purpose, and to make no change unless 
the necessity therefor can be made more apparent. 

Reinsurance in Unauthorized Companies. 

The apparently contradictory provisions of sections 20 and 
84, chapter 522, Acts of 1894, having caused a difference of 
opinion among underwriters as to their rights and duties under 



X EEPOET OF THE 

said sections, it was deemed expedient to refer the matter to 
the Attorney-General for his official opinion as to the proper 
interpretation of the provisions of the sections in question. 
His reply was as follows : — 

Commonwealth op Massachusetts, 
Office of the Attorney-General, Boston, Dec. 1, 1897. 

Frederick L. Cutting, Esq., Insurance Commissioner. 

Dear Sir: — Your letter of Nov. 4, 1897, requires my opinion 
upon the following question : Have insurance corporations organized 
under the laws of another State or government, and duly admitted 
to do business in this State, authority to effect reinsurance on Massa- 
chusetts risks in corporations not authorized to do business in this 
Commonwealth ? 

Statutes 1894, chapter 522, section 84, provides in terms that u No 
company of another State or government shall, directly or indirectly, 
contract for or effect reinsurance on any risk in Massachusetts with 
any company not authorized to do business therein." If this provi- 
sion is not modified by any other statute, it furnishes a conclusive 
answer to your question. 

It is probable that your question was suggested by the apparently 
contradictory provision of section 20 of the same statute from which 
the above provision is quoted. That section is as follows : " If any 
company authorized to transact the business of insurance in this 
Commonwealth shall, directly or indirectly, contract for or effect any 
reinsurance of any risk or part thereof taken by it, it shall make a 
sworn report thereof to the Insurance Commissioner at the time of 
filing its annual statement, or at such other time as he may request ; 
and such reinsurance, except so far as it is in companies authorized 
to do business in this Commonwealth, shall not reduce the reserve 
required of it or the taxes to be paid by it, or increase the amount it 
is authorized to have at risk in any town or fire insurance district." 
Inasmuch as this provision seems to recognize reinsurance with com- 
panies not authorized to do business in this Commonwealth, there is 
an apparent contradiction between the two provisions. 

It is to be observed, however, that the section last quoted is not 
limited to insurance in Massachusetts. I am of the opinion, therefore, 
that the provision in section 84 above quoted is to be construed as a 
proviso or limitation of the general provisions in section 20. Taking 
the two sections thus together, they amount to a requirement that in 
all cases of reinsurance by a company of any risk, whether within or 
without the Commonwealth, a sworn report thereof shall be made to 
the Insurance Commissioner, and that such reinsurance (excepting 
in companies authorized to do business in the Commonwealth) shall 



INSURANCE COMMISSIONER. XI 

not reduce the reserve required or the taxes to be paid ; provided, 
that no reinsurance of any rule in Massachusetts shall be made wi'h 
any company not authorized to do busi?iess in the Commonwealth. 
Thus construed, the provisions are not inconsistent. 

Your question is, therefore, to be answered in the negative. 
Yours very truly, 

Hosea M. Knowlton, Attorney- General. 

This opinion was at once sent to all fire insurance companies 
authorized to transact business in this Commonwealth, for their 
information and guidance. By some it was received with pro- 
fessions of surprise, and apparently regarded as based upon a 
new law, of which they were in ignorance. As a matter of 
fact, the prohibition contained in section 84 was enacted in 
1870, chapter 349, section 1 ; then re-enacted in the codifica- 
tion of lb81, Public Statutes, chapter 119, section 224; again 
in 1884, chapter 120; again in 1887, chapter 214, section 20; 
and in 1891, chapter 368. 

In 1894, chapter 137 was enacted, which provided for the 
reinsurance of Massachusetts risks in companies not authorized 
to do business therein, and also repealed all acts inconsistent 
therewith ; which repeal covered the prohibitory provisions in 
question, and went into effect March 20, 1894. 

During the same year the codification of the insurance laws 
was adopted, becoming chapter 522 of the Acts of that year; 
and in section 84 of that codification, which took effect June 
25, again appeared the prohibitory clause in question, having 
thus been off the statute book from March 20 to June 25, 
1894, since which latter date it has remained as an important 
part of section 84. 

The central idea of this prohibition has been very largely 
obscured by interested agents and brokers. The purpose was 
primarily and mainly to secure to property owners their insur- 
ance protection in such companies only as were able to show 
resources sufficient to comply with the standard of solvency 
and safety set up by the State for our own State companies, 
and for such outside companies as desired to participate in the 
business. 

A secondary consideration was that such companies as 
complied with the law, established responsible local agencies 
convenient to our people, submitted to the State regulations 



XI 1 REPORT OF THE 

and contributed to the charges necessary for the proper super- 
vision and control of the business, should have whatever 
preference and protection seemed reasonable and practicable. 
No difficulty was found in this, nor did any question ever arise 
as to its entire propriety. 

But in progress of time and the development of commercial 
enterprises it began to be found that here and there an aggre- 
gation of property appeared for which the authorized companies 
were either unable or unwilling. to afford the full protection 
desired. Such cases have ever been extremely few, but, in 
order to meet them in the fullest measure, section 83 was 
enacted, which authorized the commissioner to confer special 
authority upon the agent or broker having the insurance of 
such property in charge to go outside of the authorized list and 
obtain the balance of protection requisite. In order that there 
might be no inducement to the agent to use this privilege 
except upon emergent occasion, a burden was placed upon him 
of obtaining a special license, and requiring him in each case, 
before availing of it, to make affidavit that he had made appli- 
cation to and was unable to obtain from all the authorized 
companies the desired protection. There was also required a 
tax upon such premium double that paid by authorized com- 
panies. This measure furnished the needed relief, and no cavil 
or complaint has ever been made of its complete adequacy to 
its intended purpose. 

But in later time an altogether new project has shown itself, 
which, while having no merit in itself, and in tendency subver- 
sive of every effort to keep the business under proper observa- 
tion and restriction, has attempted speciously to attach itself 
to the beforenamed occasional need for extra insurance in jus- 
tification of its existence. Allusion is here made to the per- 
sistent attempts of a few agents of foreign companies to procure 
such modification of the law as will permit them at once and 
without ceremony to reinsure any or all of their writings in 
any companies of foreign countries that best suit their con- 
venience, thus making themselves virtually and actually local 
agents of companies wholly unknown, which give no employ- 
ment to our capital or people, contribute nothing to the ex- 
penses of protecting the business, but are mere absorbers of 
whatever profit may result from an unjust, unfair and unneces- 
sary competition. A specious and unworthy plea is the great 



INSURANCE COMMISSIONER. Xlll 

wealth, strength and honor of the foreign companies, as con- 
trasted with our own. 

The direct tendency and inevitable result of the successful 
outcome of this scheme would be to give a few branches of 
foreign companies the entire insurance business of the State. 
It would be a measure of great and profitable advantage to 
them, inasmuch as it is vastly easier and cheaper to write a 
policy for one or two hundred thousand dollars and toss it 
across the sea by mail to be disposed of, than to have to dis- 
tribute it in fractions among the authorized companies ; be- 
sides, also, the commission could easily be much more liberal. 

Under an evident misunderstanding of facts, the merchants 
in several cases have been led to lend their influence to this 
scheme, not one of whom, it is believed, under a fair presenta- 
tion would have given it countenance. Suppose, for instance, 
the merchant should sit down and let the boot be fitted on the 
other foot. Let all laws for the protection and convenience of 
his trade be repealed, and the door be thrown open to foreign 
agents soliciting and seducing away his customers, clamorous 
and zealous from the better commissions their principals' im- 
munity from certain expenses enabled them to allow, — does 
any one doubt that the merchants would think they ought to 
be protected from such competition by the laws ? If the mer- 
chants, why not the insurance companies, — especially when 
the latter are willing that it shall be made easy for the pub- 
lic to procure in companies not authorized the insurance that 
capital duly authorized to do business here declines to assume-. 

If this view of the case prevails, and the prohibition which 
prevents the reinsurance of property in Massachusetts in com- 
panies not authorized still remains in force unless authorized 
capital refuses to take the risk seeking protection, it will be a 
happy solution of the question. 

Eisks in a Town or Fire District. 

The repeal by the present Legislature of section 56 of chapter 
522, Acts of 1894, which limited the amount of insurance a 
company might carry in any one town or fire district, removed 
a provision of law, which, while of value when enacted, had 
become obsolete, and, however good the intention, very diffi- 
cult to comply with, owing to many changes in the boundary 
lines. The stringent building laws of this city have decreased 



XIV REPORT OF THE 

the conflagration hazard ; and, moreover, companies are now 
so conservative that it is believed to be a rare exception when 
one has at risk in any district, as originally laid out, an amount 
in excess of what the law allowed, — and this not because the 
statute law forbids it, but rather because the law of conserva- 
tive and discreet management interposes its prohibition. The 
section had therefore become useless, and, further, placed a 
burden upon the companies of making to this department cer- 
tain returns of no value. Its repeal could therefore be safely 
recommended from the point of view of the public, and un- 
answerably advocated by the insurance companies. 

The Fire Marshal's Accounts. 

At the time the office of the State Fire Marshal was estab- 
lished, a provision was inserted in the law which required that 
the accounts of that bureau be audited by this department. 
After audit here they then went to the regular office estab- 
lished for the purpose of auditing State accounts, and were 
again subjected to official scrutiny. It seemed to the com- 
missioner that this double audit was a waste of time, and he 
therefore recommended that these accounts go directly to the 
State Auditor's department, and not be diverted from the usual 
course of bills against the State by being subject to a prelimi- 
nary approval by another department. This view of the case 
commended itself to the present Legislature, with a result that 
repeals so much of chapter 444, Acts of 1894, as relates to the 
auditing of the Fire Marshal's accounts by this department. 

Insolvent Mutual Fire Companies. 

The following paragraphs afford a brief statement of the con- 
dition of the insolvent mutual fire insurance companies whose 
affairs are now in the hands of receivers or have been adminis- 
tered upon by receivers during the past year : — 

Bay State Mutual Fire, Herbert Parker, Worcester, receiver, 

appointed Dec. 28, 1895. 

[An assessment was levied by the receiver Dec. 1, 1897, amounting to 
$233,333 83, which was one and one-half times the cash premium 
on every policy ever issued; amount collected December 31, 
$5,044 39 ; adjusted claims unpaid, $17,003.03, not including con- 
tested claims of f 736.87 ; estimated expenses incurred, unpaid, 
$5,000.] 



INSURANCE COMMISSIONER. XV 

Central Mutual Fire, R. D. Weston-Smith, 53 State Street, 
Boston, appointed receiver May 1, 1896. 

[Final report filed July 9, 1897, and receiver discharged, all bills hav- 
ing been settled without an assessment upon the policy holders.] 

Colonial Mutual Fire, W. O. Underwood, 50 State Street, 
Boston, appointed receiver Dec. 23, 1895. 

[Assessment of $30,000 levied March 5, 1897, to cover claims amount- 
ing to $16,269.40 and expenses of receivership ; amount of assess- 
ment collected December 31, $10,731.59 ; all claims paid except 
receiver's compensation; balance in hands of receiver, $6,359.81] 

Commerce Mutual Fire, Godfrey Morse, 53 State Street, 
Boston, appointed receiver July 3, 1896. 

[Assessment of $4,000 levied Oct 12, 1896, to cover a liability of 
$1,803.08, of which $1,617 27 had been paid December 31; total 
receipts of the receiver, $1,668.82, and the disbursements for ex- 
penses $126.30, leaving a balance of $1,512.52 in the hands of 
receiver.] 

Commonwealth Mutual Fire, William B. Stevens, 209 Wash- 
ington Street, Boston, receiver, appointed May 28, 1895. 

[Assessment for $250,000 confirmed by supreme court March 25, 1896, 
of which $69,391.09 had been collected December 31 ; dividend of 
50 per cent, already paid on return premiums and claims, and the 
receiver has a balance in hand of $29,101.44; total amount of 
liabilities unpaid, $15,507.53.] 

Continental Mutual Fire, Edward I. Baker, 53 State Street, 
Boston, receiver, appointed March 24, 1897. 

[No assessment levied by receiver, but receiver collected unpaid as- 
sessments as levied by the officers, and all bills except the com- 
pensation of receiver were settled before December 31, when a 
balance of $1,585.05 remained.] 

Eagle Mutual Fire, R. D. Weston-Smith, 53 State Street, 
Boston, appointed receiver May 14, 1897. 

[Amount of liabilities of company unpaid, contested claims included, 
$7,899.42; assessment in process December 31, the amount of the 
same being $9,909.05.] 

Eastern Mutual Fire, Fred H. Kidder, 82 Devonshire Street, 
Boston, appointed receiver Feb. 2, 1897. 

[By agreement with creditors, no assessment has been levied ; re- 
ceipts to December 31, $5,199.27 ; expenses paid, $371 18 ; leaving 
a balance in the hands of receiver of $4,828.09.] 



XVI REPORT OF THE 

Excelsior Mutual Fire, Edward I. Baker, 53 State Street, 
Boston, appointed receiver June 12, 1896. 

[No assessment levied by receiver, and all claims have been paid, 
funds distributed and receiver discharged.] 

Melrose Mutual Fire, Alpheus Sanford, 70 Kilby Street, 
Boston, appointed receiver Nov. 20, 1895. 

[Assessment of $40,420.77 levied on account of liability of $10,233.80, 
which was confirmed by the supreme court May 11, 1897 ; amount 
of assessment collected to date, $5,464.29 ; no claims have yet been 
settled, but expenses amounting to $3,380 have been paid, leaving 
a balance of $2,121.32.] 

Milford Mutual Fire, Wendell Williams, Milford, appointed 
receiver May 26, 1896. 

[Liabilities unpaid, about f 24,000 ; balance in receiver's hands, $24,- 
398.95 ; no assessment contemplated ] 

New England Mutual Fire, Henry A. Wyman, 53 State 
Street, Boston, appointed receiver July 6, 1897. 

[No assessment has been or will be levied ; an effort is being made to 
collect the unpaid portion of the one levied by the corporation 
prior to the receivership ; balance on hand December 31, $ 3,437.64.] 

Old Colony Mutual Fire, William B. French, 89 State 
Street, Boston, appointed receiver April 3, 1897. 

[Total liabilities unpaid, about $40,000. The court dismissed the peti- 
tion for assessment upon the ground that " It appears in effect that 
only resident policy holders can be relied onto pay an assessment, 
and nearly all of these have already paid sums which were as- 
sessed in good faith as sufficient for the purpose, and which prob- 
ably are their full proportionate share of the losses incurred." 
Receiver discharged, with an excess of expenses over receipts 
amounting to $162. G9.] 

Patrons' Mutual Fire, Robert H. Leland, 209 Washington 
Street, Boston, appointed receiver Nov. 14, 1895. 

[Amount of assessment levied, $20,000, to cover a liability of $5,981.13 
and expenses. Claims have all been paid, and a balance of $217.80 
remained in I'eceiver's hands December 31.] 

Standard Mutual Fire, R. D. Weston-Smith, 53 State Street, 
Boston, appointed receiver April 14, 1896, and discharged 
July 9, 1897, no assessment having been found necessary. 



INSURANCE COMMISSIONER. XV 11 

Suffolk Mutual Fire, James C. Davis, 65 Mason Building, 
Boston, appointed receiver March 22, 1895. 

[An assessment of $49,787.92 was levied, of which $24,985.09 had been 
collected December 31 ; all claims paid except $ 152.52 ; balance in 
hands of receiver, $236.30.] 

Wachusett Mutual Fire, Charles E. Ware, FHchburg, Mass., 
appointed receiver May 13, 1896. 

[Assessment of $91,472.35, levied Dec. 28, 1897, to cover liabilities 
amounting to $27,101.02; total receipts of receiver, $16,079.83; 
total disbursements, $6,948.92, of which $5,500 was for compromis- 
ing claims and paid by order of the court; balance on hand, 
$9,130.91] 

State Fire Marshal's Report. 

In the Appendix of this volume will be found the statistical 
report of the State Fire Marshal, made to this department 
in accordance with the requirements of chapter 444, Acts of 
1894. 

The Eesignation of Hon. George S. Merrill. 

The retirement of Hon. George S. Merrill from the position 
of Insurance Commissioner, on account of impaired health and 
consequent inability to maintain the activities of the office, 
makes at least a brief reference to his services in that position 
appropriate at this time. 

Coming into the office in full vigor and with a large experi- 
ence in dealing with public men and affairs, yet with no special 
training or knowledge of the subjects to be handled, his quick- 
ness of apprehension of new subjects, his steady application and 
great facility of expression soon rendered him conspicuous 
among the heads of corresponding departments of the various 
States. Perhaps the most notable feature among his many 
valuable services was his almost single-handed warfare, waged 
to triumphant conclusion, against the horde of assessment- 
endowment and bond schemers that began to infest and overrun 
the State soon after his accession to office. Backed by the 
highest legal talent and influence in the Commonwealth, and 
incited by the rich spoils in hand and in prospect, the pro- 
motors poured the lore of their lawyers and almost unlimited 
money into the scale, only to be outweighed and discomfited 



XV111 REPORT OF THE INSURANCE COMMISSIONER. 

by the commissioner and the tardily returning good sense of 
their victims. ^ 

Great credit and honor are due to him for his splendid ser- 
vice in defeating and exterminating these enemies of our Com- 
monwealth, Major Merrill is still in life, and has the kindest 
and most sincere wishes of every one for his complete restora- 
tion to health and activity ; and, while it would be indelicate 
to say much at this time in review of his useful services to the 
Commonwealth, it was hardly possible to refrain from mention- 
ing this one of such conspicuous value. 

Receipts and Expenses of the Department. 

The receipts for the year 1897 were, with one exception, — 
1894, — the largest in the history of the department, the 
amount turned over to the State Treasurer being $65,908.30, 
which was $7,020.10 in excess of the previous year; the ex- 
penses of the department were $38,407.64, leaving a net sur- 
plus accruing to the Commonwealth of $27,500.66. 

Respectfully submitted, ■ 

FRED'K L. CUTTING, 

Insurance Commissioner. 



COMPARATIVE TABLES. 



Comparative Table A. 



- Massachusetts Mutual Fire Insurance 
Companies. 





1896.* 


1897.f 


Increase or 
Decrease in 1897. 


Assets (including contingent), 


133,830,785 


$34,568,279 


$737,494 


Liabilities, .... 


5,297,677 


5\550,185 


252,508 


Cash surplus, . 




5,179,830 


5,393,010 


213,180 


Income, .... 




5,656,675 


5,752,972 


96,297 


Expenditures, . 




5,370,893 


5,338,307 


—32,586 


Risks written, . 




524,202,443 


547,093,073 


22,890,630 


Net premiums received, 




5,140,393 


5,276,039 


135,646 


Risks outstanding, . 




839,252,547 


860,266,810 


21,014,263 


Losses paid, 




1,557,302 


963,079 


—594,223 


Losses incurred, 




1,292,504 


990,995 


—301,509 


Assessments collected, 




63,393 


16,226 


—47,167 


Profits returned, 




2,852,246 


3,492,380 


640,134 


Expenses, . 




943,551 


866,079 


—77,472 



* Fifty-four companies. 



f Forty-six companies. 



Comparative Table B. — Massachusetts Mutual Fire- Marine 

Insurance Companies. 





1896.* 


1897.* 


Increase or 
Decrease in 1897. 


Assets, 


$551,515 


$506,896 


—$44,619 


Liabilitit s, 


249,035 


184,430 


—64,605 


Surplus, 


302,480 


322,466 


19,986 


Income, ..... 


354,959 


350,915 


—4,044 


Expenditures, .... 


326,121 


366,67.7 


40,556 


Risks written, .... 


22,563,386 


22,271,281 


—292,105 


Net premiums received, . 


344,556 


335,834 


-8,722 


Losses paid, .... 


235,709 


268,042 


32,333 


Losses incurred, 


255,277 


206,247 


—49,030 


Risks outstanding, . 


8,961,899 


9,026,504 


64,605 


Expenses, 


72,429 


74,362 


1,933 


Scrip dividends declared, 


- 


- 


— 


Scrip redeemed, 


- 


- 


— 


Scrip outstanding, . 


656,561 


656,561 


- 



* Two companies. 



XX11 



REPORT OF THE 



Comparative Table C. — - Massachusetts Joint-Stock Insurance 

Compayiies. 





1896.* 


1897.* 


Increase or 
Decrease in 1897. 


Cash capital, 


13,800,000 


$3,800,000 


- 


Assets, 


9,216,264 


9,859,203 


|642,939 


Liabilities, .... 


2,945,380 


2,882,733 


—'62,647 


Surplus, . 


6,270,884 


6,976,470 


705,586 


Income, 


3,752,358 


3,702,245 


—50,113 


Expenditures, 


3,543,202 


3,196,121 


347,081 


Fire risks written, 


261,928,207 


302,334,426 


40,406,219 


Fire premiums received (net), 


2,562,687 


2,530,787 


—31,900 


Marine risks written, . 


58,904,178 


61,993,829 


3,089,651 


Marine premiums rec'd (net), 


832,909 


782,894 


—50,015 


Fire losses paid, . 


1,313,947 


1,145,289 


—168,658 


Marine losses paid, 


724,713 


533,202 


—191,511 


Fire losses incurred, 


1,272,223 


1,169,561 


—102,662 


Marine losses incurred, 


799,254 


540,520 


—258,734 


Fire risks outstanding, . 


385,623,767 


380,819,151 


—4,804,616 


Marine risks outstanding, 


6,851,354 


6,475,216 


—376,138 


Expenses, .... 


1,168,339 


1,181,590 


13,251 


Cash dividends declared, 


336,000 


336,000 


_ 



* Six companies. 



INSURANCE COMMISSIONER. 



XX111 



Comparative Table D. — Fire and Marine Insurance Companies 

of Other States. 





1896.* 


1897.f 


Increase or 
Decrease in 1897. 


Cash capital, 


$44;655,875 


$54,475,732 


f9,819,857 


Assets, .... 


189,374,868 


207,578,481 


18,203,613 


Liabilities, . . . 


85,052,607 


88,566,897 


3,514,290 


Surplus, .... 


104,322,261 


119,011,584 


14,689,323 


Income, 


89,811,081 


92,616,648 


2,805,567 


Expenditures, 


80,066,849 


81,831,283 


1,764,434 


Fire risks written, 


8,885,022,087 


9,667,917,846 


782,895,759 


Fire premiums received (net), 


76,340,743 


77,955,973 


1,615,230 


Marine risks written, . 


1,043,318,909 


1,549,486,888 


506,167,979 


Marine premiums rec'd (net), 


5,774,696 


6,150,230 


375,534 


Fire losses paid, . 


39,723,570 


38,469,819 


—1,253,751 


Marine losses paid, 


3,862,024 


4,194,035 


332,011 


Fire losses incurred, 


38,489,202 


38,938,224 


449,022 


Marine losses incurred, 


3,209,201 


5,543,644 


2,334,443 


Fire risks outstanding, . 


11,824,096,045 


12,536,085,903 


711,989,858 


Marine risks outstanding, . 


184,229,062 


185,275,837 


1,046,775 


Expenses, 


29,729,878 


31,448,952 


1,719,074 


Cash dividends declared, 


5,531,202 


5,671,681 


140,479 



* Ninety -one companies. 



f One hundred and five companies. 



XXIV 



REPORT OF THE 



Comparative Table E. — United States Brandies of Foreign 

Companies, 





1896.* 


1897.t 


Increase or 
Decrease in 1897. 


Deposit capital, 


$8,100,000 


|9,100,000 


$1,000,000 


Assets in United States, 


60,626,631 


67,625,148 


6,998,817 


Liabilities in United States, . 


36,869,288 


39,209,173 


2,339,885 


Surplus, 


23,757,344 


28,416,275 


4,658,931 


Income, ...... 


46,806,439 


49,113,577 


2,307,138 


Expenditures, 


39,796,528 


39,510,291 


—256,237 


Fire risks written, . 


5,105,588,412 


5,662,124,593 


556,536,181 


Fire premiums received (net), 


53,624,980 


42,876,360 


—10,748,620 


Marine risks written, . 


1,516,100,265 


1,814,628,539 


328,528,274 


Marine premiums rec'd (net), 


5,479,925 


3,887,308 


—1,592,617 


Fire losses paid, . 


22,455,814 


21,167,609 


—1,288,205 


Marine losses paid, 


2,569,509 


2,291,256 


—278,253 


Fire losses incurred, 


21,846,239 


21,615,544 


—230,695 


Marine losses incurred, . 


2,490,072 


2,469,559 


—20,513 


Fire risks outstanding, . 


5,945,827,120 


6,344,335,002 


398,507,882 


Marine risks outstanding, 


86,213,044 


91,485,728 


5,272,684 


Expenses, 


14,771,205 


16,081,424 


1,310,219 



* Thirty-six companies. 



t Forty-two companies. 



INSURANCE COMMISSIONER. 



XXV 



Aggregates of all the Companies. 





1896. 


1897. 


Increase or 
Decrease in 1897. 


Cash capital, 


$56,555,875 


$67,375,732 


$10,819,857 


Assets (including contingent 

of- mutual companies). 
Liabilities, .... 


293,600,063 
130,413,987 


320,138,307 
136,393,418 


26,538,244 
5,979,431 


Surplus, .... 


139,832,799 


160,119,805 


20,287,006 


Income, .... 


146,381,512 


151,536,357 


5,154,845 


Expenditures, 


129,103,593 


130,272,679 


1,169,086 


Fire risks written, 


14,780,928,104 


16,184,664,169 


1,403,736,065 


Fire premiums received (net), 


137,711,553 


128,692,557 


—9,018,996 


Marine risks written, . 


2,636,699,783 


3,473,186,306 


836,486,523 


Marine premiums recM (net), 


12,389,335 


11,102,928 


—1,286,407 


Fire losses paid, . 


65,065,990 


61,764,710 


—3,301,280 


Marine losses paid, 


7,376,598 


7,267,621 


—108,977 


Fire losses incurred, 


62,914,373 


62,734,986 


—179,387 


Marine losses incurred, 


6,739,599 


8,739,308 


1,999,709 


Fire risks outstanding, . 


18,998,232,475 


20,125,879,176 


1,127,646,701 


Marine risks outstanding, . 


282,822,363 


287,890,975 


5,068,612 


Expenses, .... 


46,685,402 


49,652,407 


2,967,005 


Cash dividends declared, 


5,867,202 


6,007,681 


140,479 



XXVI 



REPORT OF THE INSURANCE COMMISSIONER. 



Comparative Table F. — Massachusetts Business.* 









Increase or 




1896. 


1897. 


Decrease in 1897. 


Fire risks written, 


$1,063,078,568 


$1,161,264,907 


$98,186,339 


Fire premiums received, 


11,248,934 


11,999,382 


750,448 


Fire losses paid, . 


4,604,717 


3,733,209 


—871,508 


Fire losses incurred, 


4,801,014 


3,785,399 


—1,015,615 


Marine risks written, . 


323,421,805 


399,163,363 


75,741,558 


Marine premiums received, . 


1,808,825 


1,900,883 


92,058 


Marine losses paid, 


1,371,823 


1,434,567 


62,744 


Marine losses incurred, 


1,286,656 


1,384,814 


98,158 



* For details of this business see Table XIII. 



Table G-. — ■ Fire risks written. Premiums received and 

incurred in Massachusetts. 



Losses 







Premiums 




YEAR. 


Fire Risks Written. 


Received. 


Losses Incurred. 


1874 


$655,056,069 


$8,253,755 


$3,676,063 


1875 




1 a a 


, , 


597,478,409 


7,232,486 


3,221,943 


1876 




1 a a 


, , 


528,211,058 


5,974,268 


2,738,180 


1877 




• a a 


• « 


585,928,271 


5,998,124 


2,572,185 


1878 




1 a a 


i 


558,019,711 


5,506,392 


2,438,121 


1879 




, , 


■ a 


520,814,369 


5,026,482 


2,500,451 


1880 




, , 


, , 


609,132,542 


5,479,552 


3,005,273 


1881 




a a 


i a 


642,542,633 


5,845,354 


2,884,047 


1882 


a a • 


■ a 


686,030,272 


6,244,053 


4,915,949 


1883 


, a e a 




710,197,514 


6,896,367 


3,763,949 


1884 


a • a 




65.5,613,160 


7,067,149 


3,865,956 


1885 








661,380,951 


7,402,583 


3,132,235 


1886 










694,473,662 


7,838,425 


3,369,294 


1887 










765,304,046 


8,371,714 


3,136,774 


1888 










832,038,483 


8,702,006 


4,444,322 


1889, 










825,962,689 


8,601,963 


9,284,464 


1890 










871,117,341 


9,039,865 


3,798,502 


1891 










863,343,089 


8,719,803 


5,104,694 


1892 










960,872,674 


10,006,986 


4,140,396 


1893 










1,030,196,564 


10,727,167 


8,329,015 


1894 










986,624,142 


10,518,365 


5,182,490 


1895. 










1,020,680,686. 


11,032,012 


4,029,954 


1896 










1,063,078,568 


11,248,934 


4,801,014 


1897. 










1,161,264,907 


11,999,382 


3,785,399 


r 


rot* 


lis, , 


• 


' 


$18,485,361,810 


$193,733,187 


$98,220,670 



STATISTICAL TABLES. 



XXV111 



REPORT OF THE 



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REPORT OF THE 



Table VI. — Massachusetts Joint- Stock Insurance Companies. 

Fire Business. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Ratio of Loss 

to Premiums 

Received. 



American, . 

Boston Marine, .... 

Firemen's, 

Mercantile Fire and Marine, 
North American, 
Springfield Fire and Marine, . 
Totals 



$22,071,177 
38,165,350 
12,430,299 
21,165,675 
17,958,235 

190,543,690 



$302,334,426 



$167,422 

239,051 

90,976 

171,531 

114,783 

1,747,024 



$85,957 
75,334 
36,451 
60,202 
77,803 

809,542 



$2,530,787 



$1,145,289 



51.35 
31.50 
40.06 
35.10 
67.77 
46.34 



45.24 



Marine Business. 



Boston Marine, 



$61,993,829 



$782,894 



$533,202 



68.10 



Table VII. — Massachusetts Joint-Stock Insurance Companies. 



NAME OF COMPANY. 


Gross 

Cash 

Income. 


Gross 

Cash 

Expenditures. 


Expenses.* 


Ratio of Ex- 
penses to Pre- 
miums Re- 
ceived. 


Cash 
Dividends 
Declared. 


American, 


$190,170 


$178,183 


$74,226 


44.34 


$18,000 


Boston Marine, 


1,135,156 


974,721 


266,184 


26.05 


100,000 


Firemen's, 


127,885 


112,286 


43,796 


48.14 


32,000 


Mercantile Fire and 


195,365 


160,378 


76,176 


44.42 


24,000 


Marine. 
North American, 


133,337 


141,096 


51,293 


44.67 


12,000 


Springfield Fire and 
Marine. 


1,920,332 

$3,702,245 


1,629,457 


669,915 
$1,181,590 


38.35 


150,000 


Totals, 


$3,196,121 


46.70 


$336,000 



* Excluding losses, dividends, return premiums and drawbacks and premiums on reinsurance. 



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REPORT OF THE 



Table IX. — Insurance Companies of Other States. 

business. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Ratio of Loss 

to Premiums 

Received. 



iEtna, 

Agricultural, 

Albany, 

American (Newark), 

American Central, . 

American Fire (New York), . 
American Fire (Philadelphia), 
American Lloyds, . . 
Armenia, ..... 
Assurance Company of America, 

Atlantic Mutual, 
Broadway, 
Buffalo Commercial, 
Buffalo German, 
Capital Fire, 

Citizens' (New York), 
Citizens' (St. Louis), 
Colonial Assurance, . 
Commerce, 
Commercial Union, . 

Commonwealth, 
Concordia, 
Connecticut Fire, 
Continental, . . 
Delaware, . 

Detroit Fire and Marine, 
Eastern, .... 
Empire City, 

Equitable Fire and Marine, 
Erie Fire, .... 



$373,663,206 

182,813,100 

12,167,990 

77,670,872 

75,371,350 

89,776,420 
138,399,924 
33,964,151 
15,995,233 
71,575,088 

24,413,761 
10,592,021 
39,593,119 

19,756,876 

67,158,723 
25,627,281 
44,978,268 
13,753,133 
11,965,801 

24,633,627 

46,294,786 

155,122,989 

463,225,461 

80,787,561 

21,131,882 

40,932,978 

9,081,511 

30,014,757 

18,478,275 



13,640,131 

869,714 

96,233 

535,150 

762,789 

505,999 
1,281,611 
234,561 
191,621 
322,985 

170,010 

93,740 
347,163 

191,575 

444,593 
303,904 
297,868 
124,449 

57,771 

175,015 

414,239 
1,656,658 
3,648,085 

719,884 

184,437 
213,718 
62,382 
276,148 
155,704 



$1,830,810 

489,384 

52,235 

222,027 
411,298 

232,466 
696,703 
115,157 
105,064 
49,462 

50,245 
43,537 

178,702 
83,086 

258,271 

148,647 

143,104 

60,823 

34,854 

44,774 

184,116 

802,786 

1,658,913 

356,493 

74,591 
53,515 
32,739 
133,464 
21,429 



50.30 
56.27 
54.29 
41.48 
53.92 

45.97 

54.35 
49.10 
54.82 

15.31 

29.56 
46.45 
51.47 

43.37 

58.10 
48.90 
48.04 
48.89 
60.43 

25.58 

44.45 
48.45 
45.48 
49.52 

40.45 
25.05 
52.49 
48.35 
13.76 



INSURANCE COMMISSIONER. 



xliii 



Table IX — Insurance Companies of Other States — Continued. 
Fire Business — Continued. 



NAME OP COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Ratio of Loss 

to Premiums 

Received. 


Farmers' Fire, 


i 

$37,292,534 


$373,277 


$214,418 


57.43 


Farragut Fire, 


15,676,331 


117,193 


55,148 


47.06 


Fire Association of Philadelphia, . 


297,205,435 


2,575,670 


1,351,057 


52.45 


Fire Ins. Company, County of Phila , . 


19,574,985 


107,548 


61,499 


57.21 


Fireman's Fund, 


167,331,860 


1,438,306 


693,532 


48.23 


Firemen's (Baltimore) 


43,192,901 


267,312 


124,962 


46.76 


Firemen's (Newark), . 


38,925,963 


349,070 


149,629 


42.85 


Franklin Fire, . 


49,191,904 


443,138 


188,670 


42.59 


German Alliance, . 


24,567,407 


175,138 


23,669 


13.52 


German American, 


415,515,753 


2,720,969 


1,239,307 


45.53 


German Fire, 


17,728,726 


207,162 


101,201 


48.84 


Germania Fire, 


206,187,985 


1,159,438 


431,816 


37.26 


Girard Fire and Marino, .... 


47,162,560 


402,523 


176,543 


43.85 


Glen's Falls, 


91,636,886 


811,384 


399,240 


49.20 


Globe Fire, 


94,605,480 


600,433 


409,055 


68.14 


Grand Rapids, ...... 


28,250,497 


257,672 


121,215 


47.03 


Granite State, 


30,949,284 


314,215 


151,840 


48.31 


Greenwich, ...... 


127,628,414 


743,616 


396,428 


53.31 


Hanover, 


157,078,712 


1,422,325 


721,779 


50.76 


Hartford Fire, 


595,427,729 


5,711,384 


3,212,619 


56.26 


Home, 


645,382,199 


4,372,737 


2,123,991 


48.57 


Home Mutual, 


32,141,771 


318,063 


142,893 


44.92 


Howard Fire, 


11,402,412 


74,772 


21,575 


28.86 


Insurance Co. of North America, . 


618,132,876 


3,854,778 


1,990,160 


51.62 


Insurance Co. State of New York, 


81,269,151 


484,235 


231,760. 


47.87 


Insurance Co. State of Pennsylvania, . 


28,533,272 


258,939 


127,615 


49.29 


Lincoln, 


37,205,045 


50,514 


2,817 


5.58 


Lumbermen's 


23,594,583 


161,759 


73,600 


45.52 


Manhattan Fire, 


54,120,849 


466,829 


382,700 


81.98 


Manufacturers' and Merchants,' . . 


25,181,246 


222,888 


103,904 


46.61 


Mechanics', 


28,202,915 


216,034 


110,119 


50.97 


Merchants' (Newark), . 


107,898,761 


936,716 


463,520 


49.48 



xliv 



REPORT OF THE 



Table IX. — Insurance Companies of Other States — Continued. 
Fire Business — Continued. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Ratio of Loss 

to Premiums 

Received. 


Merchants' (Providence), 


$26,386,825 


$260,058 


$131,470 


50.56 


Merchants' and Manufacturers', 


20,522,637 


121,581 


30,907 


25.42 


Michigan Fire and Marine, 


26,191,693 


240,465 


120,686 


50.19 


Middlesex Mutual, 


13,226,538 


92,584 


56,038 


60.53 


Millers' and Manufacturers', . 


8,592,914 


175,633 


111,742 


63.61 


Milwaukee Mechanics', .... 


92,207,175 


988,011 


392,032 


39.68 


National (Hartford), . . . . 


217,025,628 


2,103,019 


975,171 


46.37 


National (Baltimore) 


6,248,260 


53,515 


13,761 


25.71 


National Standard, 


50,080,005 


248,857 


79,457 


31.93 


Newark Fire, 


18,884,821 


137,808 


56,090 


40.70 


New Hampshire Fire, .... 


106,626,111 


1,026,388 


472,720 


45.02 


New York Fire, 


20,586,111 


131,430 


47,037 


35.80 


Niagara Fire, 


212,275,658 


1,623,595 


739,324 


45.52 


North British and Mercantile (N. Y.), 


3,024,900 


4,053 


- 


- 


Northern, 


20,376,451 


70,920 


4,231 


5.97 


Northwestern National, .... 


108,041,230 


912,788 


316,995 


34.73 


Norwalk Fire, 


26,072,616 


157,195 


53,478 


34.02 


Norwood 


20,133,688 


51,378 


172,775 


336.30 


Orient, 


123,010,730 


1,228,864 


680,825 


55.39 


Pacific Fire 


50,251,677 


371,886 


170,541 


45.84 


Pennsylvania Fire 


224,993,253 


1,724,127 


897,217 


52.04 


Phenix (New York), .... 


345,151,556 


3,349,468 


1,740,050 


51.96 


Phoenix (Hartford), 


317,455,825 


2,900,036 


1,646,585 


56.79 


Providence Washington, .... 


149,700,258 


1,057,183 


464,728 


43.96 


Queen, 


223,416,166 


1,911,331 


992,392 


51.93 


Reading Fire, 


33,137,548 


331,913 


160,224 


48.27 


Reliance 


36,612,055 


301,678 


130,735 


43.32 


Rochester German, ..... 


46,184,430 


328,853 


127,993 


38.92 


Rutgers 


10,162,532 


86,298 


44,457 


51.52 


Schuylkill Fire 


13,652,597 


182,608 


103,390 


56.63 


Security, ....... 


55,611,713 


443,229 


231,325 


52.19 


Spring Garden, 


85,635,572 


515,793 


234,486 


45.46 


St. Paul Fire and Marine, 


104,644,588 


1,295,496 


660,659 


51.02 • 



INSURANCE COMMISSIONER. 



xlv 



Table IX. — Insurance Companies of Other States — Continued. 
Fire Business — Concluded. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Ratio of Loss 

to Premiums 

Received. 


Teutonia, . 




$30,907,639 


$341,066 


$176,572 


51.77 


Traders', .... 




6.7,247,669 


660,425 


325,282 


49.26 


Union, 




33,046,778 


297,713 


155,145 


52.10 


United Firemen's, . 




29,972,348 


254,445 


108,516 


42.65 


United States Fire, . 




33,889,845 


266,865 


118,156 


44.21 


United States Lloyds, 




- 


- 


- 


- 


Victoria Fire, . 




10,341,770 


78,066 


24,358 


31.20 


Westchester Fire, 




131,165,231 


1,257,407 


589,465 


46.90 


Western, . 




18,746,112 


183,919 


113,540 


61.72 


Williamsburgh City, 


. 


78,340,123 


593,850 


232,258 


39.12 


Totals, 


$9,667,917,846 


$77,955,973 


$38,469,819 


49.28 



Marine Business. 



^Etna, 


$101,436,572 


$176,316 


$95,833 


54.36 


Assurance Company of America, . 


816,910 


27,306 


12,173 


44.56 


Atlantic Mutual, ..... 


425,082,177 


2,280,812 


1,333,241 


58.44 


Citizens' (St. Louis), .... 


204,985 


1,082 


58 


- 


Continental, ...... 


- 


- 


55,728 


- 


Detroit Fire and Marine, . 


2,697,386 


33,655 


17,947 


53.33 


Equitable Fire and Marine, . 


249,485 


1,699 


302 


17.78 


Fireman's Fund, 


65,031,020 


308,449 


229,743 


74.48 


Clobe Fire, 


1,705,700 


56,844 


16,333 


28.73 


Greenwich 


44,503,809 


139,300 


76,978 


55.26 


Home, 


74,065,847 


191,756 


79,405 


41.40 


Home Mutual, ...... 


1,882,424 


39,580 


26,049 


65.79 


Insurance Co. of North America, . 


379,029,726 


1,595,352 


1,428,276 


89.53 


Insurance Co. State of New York, 


1,705,700 


44,667 


5,454 


12.21 


National Standard, 


1,633,820 


27,306 


12,173 


44.56 


Niagara Fire 


- 


- 


1,287 


- 


Norwood, 


3,892,129 


7,938 


38,376 


483.50 


Orient, 


1,182,688 


28,286 


17,652 


62.39 


Providence Washington, .... 


114,165,714 


388,127 


251,913 


64.91 


Security, 


4,778,205 


47,712 


27,332 


57.28 



xlvi 



REPORT OF THE 



Table IX. — Insurance Companies of Other States — Concluded. 
Marine Business — Concluded. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 

Received. 


Losses 
• Paid. 


Ratio of Loss 

to Premiums 

Received. 


St. Paul Fire and Marine, 

Teutonia, ... ... . 

United States Fire, 

UDited States Lloyds, .... 


$26,276,377 
4,676,088 
1,407,693 

293,040,426 
22,007 


$267,141 

22,863 

31,625 

432,223 

191 


$198,472 

9,072 

12,741 

247,497 

— 
$4,194,035 


74.32 
39.68 

40.28 
57.27 


Totals, 


$1,549,486,888 


$6,150,230 


68.20 



Table X. — Insurance Companies of Other States. 



NAME OF COMPANY. 


Gross Cash 
Income. 


Gross Cash 
Expendi- 
tures. 


Expenses. 


Ratio of 

Expenses to 
Premiums 
Received. 


Cash 
Dividends 
Declared. 


JStna, 


$4,331,283 


$3,896,030 


$1,249,388 


32.74 


$720,000 


Agricultural, .... 


961,250 


965,487 


426,158 


49.01 


50,000 


Albany, 


121,407 


110,051 


37,817 


39.30 


20,000 


American (Newark),. 


672,375 


492,074 


208,576 


38.97 


60,000 


American Central, 


836,951 


779,767 


308,460 


40.44 


60,000 


American Fire (New York), 


540,509 


465,391 


216,925 


42.87 


16,000 


American Fire (Philadelphia), . 


1,412,900 


1,296,875 


548,640 


42.79 


30,000 


American Lloyds, 


248,700 


229,508 


84,092 


35.84 


- 


Armenia, ..... 


210,470 


187,720 


72,656 


37.90 


10,000 


A ssuranee Company of America, 


363,759 


131,044 


69,409 


19.81 


- 


Atlantic Mutual, .... 


2,774,857 


3,557,762 


422,727 


18.53 


- 


Broadway, ..... 


178,382 


137,850 


67,605 


39.77 


20,000 


Buffalo Commercial, . 


105,717 


78,788 


35,251 


37.61 


- 


Buffalo German, .... 


435,698 


377,991 


149,290 


43.00 


50,000 


Capital Fire, .... 


210,103 


161,267 


68,228 


35.61 


8,000 


Citizens' (New York), 


488,806 


474,428 


191,905 


43.16 


22,346 


Citizens' (St. Louis), . 


333,347 


279,952 


119,247 


39.08 


12,000 


Colonial Assurance, . 


310,214 


240,006 


96,902 


32.53 


- 


Commerce, 


144,290 


129,554 


52,731 


42.39 


16,000 


Commercial Union* 


64,982 


57,962 


17,108 


29.62 


6,000 



INSURANCE COMMISSIONER. 



xlvii 



Table X. — Insurance Companies of Other States — Continued. 







Gross Cash 




Ratio of 


Cash 


NAME OF COMPANY. 


Gross Cash 
Income. 


Expendi- 
tures. 


Expenses. 


Expenses to 
Premiums 
Received. 


Dividends 
Declared. 


Commonwealth, .... 


$213,236 


$156,901 


$67,126 


38.36 


$45,000 


Concordia, ...... 


450,582 


384,875 


• 182,759 


44.13 


18,000 


Connecticut Fire, . , 


1,797,217 


1,510,868 


608,082 


36.70 


100,000 


Continental, 


3,964,952 


3,263,023 


1,349,482 


37.01 


200,000 


Delaware, ..... 


778,926 


719,304 


320,638 


44.53 


42,172 


Detroit Fire and Marine, . 


286,404 


236,707 


94,169 


43.18 


50,000 


Eastern 


226,874 


137,718 


74,203 


34.72 


10,000 


Empire City, .... 


73,431 


73,368 


28,629 


45.88 


12,000 


Equitable Fire and Marine, 


310,346 


270,997 


113,881 


41.00 


18,000 


Erie Fire, ..... 


186,591 


96,379 


74,950 


48.14 


- 


Farmers' Fire, .... 


403,011 


361,881 


147,463 


39.51 


_ 


Farragut Fire, .... 


127,376 


119,295 


52,148 


44.50 


12,000 


Fire Association of Philadelphia, 


2,846,818 


2,544,183 


993,126 


38.55 


200,000 


Fire Insurance Company, County 

of Philadelphia. 
Fireman's Fund 


147,084 
1,912,130 


131,418 

1,700,553 


45,920 
657,278 


42.72 

37.62 


24,000 
120,000 


Firemen's (Baltimore), . 


293,447 


267,202 


111,310 


41.64 


30,240 


Firemen's (Newark), . 


461,360 


352,672 


129,638 


37.12 


72,000 


Franklin Fire, .... 


586,670 


525,557 


234,882 


53.01 


100,000 


German Alliance, 


183,575 


75,379 


51,710 


29.53 


- 


German American, 


3,000,138 


2,480,996 


991,689 


36.45 


250,000 


German Fire, .... 


238,149 


202,291 


81,090 


39.14 


20,000 


Germania Fire, .... 


1,306,595 


977,003 


425,188 


36.69 


120,000 


Girard Fire and Marine, 


496,574 


448,232 


202,689 


50.36 


69,000 


Glen's Falls, .... 


981,608 


774,831 


335,591 


41.36 


40,000 


Globe Fire, . 


679,089 


645,643 


208,225 


31.68 


12,000 


Grand Rapids, .... 


282,079 


231,325 


98,110 


38.07 


12,000 


Granite State, . 


328,838 


265,981 


102,141 


32.50 


12,000 


Greenwich, ..... 


945,473 


872,817 


379,411 


42.97 


20,000 


Hanover, ..... 


1,521,020 


1,367,481 


565,702 


39.78 


80,000 


Hartford Fire, .... 


6,108,375 


5,560,018 


1,972,399 


34.53 


375,000 


Home, ...... 


5,104,563 


4,236,690 


1,733,293 


37.96 


300,000 


Home Mutual, .... 


418,800 


363,312 


158,370 


44.30 


36,000 


Howard Fire, .... 


85,033 

1 


70,654 


37,060 


49.57 


12,000 



xlviii 



REPORT OF THE 



Table X. — Insurance Companies of Other States — Continued. 







Gross Cash 




Ratio of 


Cash 


NAME OF COMPANY. 


Gross Cash 
Income. 


Expendi- 
tures. 


Expenses. 


Expenses to 
Premiums 
Received. 


Dividends 
Declared. 


Insurance Co. of No. America, . 


$5,826,933 


$5,524,108 


$1,745,671 


32.04 


$360,000 


Insurance Co. State of New York, 


548,724 


334,952 


87,739 


16.59 


10,000 


Insurance Co. 8tate of Pennsyl- 
vania. 
Lincoln, ..... 


291,230 
50,866 


266,276 

43,425 


128,662 
40,608 


49.71 
80.40 


10,000 


Lumbermen's 


215,041 


165,364 


66,763 


41.29 


25,000 


Manhattan Fire, .... 


499,204 


702,580 


285,937 


61.25 


28,423 


Manufacturers' and Merchants', 


252,228 


209,294 


90,389 


40.55 


15,000 


Mechanics', ..... 


254,143 


223,999 


93,613 


43.34 


20,000 


Merchants' (Newark), 


1,002,663 


908,212 


412,692 


44.06 


32,000 


Merchants' (Providence), . 


284,508 


251,687 


108,217 


41.60 


12,000 


Merchants' and Manufacturers', 


138,443 


92,428 


53,521 


44.01 


16,000 


Michigan Fire and Marine, 


282,931 


284,120 


103,290 


42.95 


32,000 


Middlesex Mutual, 


130,247 


105,215 


49,177 


53.12 


- 


Millers' and Manufacturers', 


177,693 


191,486 


60,337 


34.36 


- 


Milwaukee Mechanics', 


1,106,395 


902,278 


430,245 


43.54 


80,000 


National (Hartford), . 


2,276,401 


1,918,563 


823,392 


39.15 


120,000 


National (Baltimore), . 


58,559 


44,011 


24,219 


45.25 


6,000 


National Standard, 


293,826 


207,722 


86,092 


31.17 


30,000 


Newark Fire, .... 


169,392 


153,636 


72,483 


52.60 


25,000 


New Hampshire Fire, 


1,147,301 


982,776 


429,055 


41.82 


81,000 


New York Fire 


145,315 


115,739 


56,702 


43.15 


12,000 


Niagara Fire, .... 


1,702,463 


1,427,369 


636,495 


39.19 


50,000 


North British and Mercantile, 

(New York). 
Northern 


4,998 
71,394 


1,679 
16,516 


1,679 

12,285 


41.43 
17.32 


- 


Northwestern National, 


1,025,342 


807,587 


418,592. 


45.86 


72,000 


Norwalk Fire, .... 


174,359 


108,552 


55,074 


35.03 


- 


Norwood, ..... 


64,505 


338,538 


117,386 


197.90 


10,000 


Orient, 


1,349,872 


1,213,539 


465,061 


37.85 


50,000 


Pacific Fire, 


398,755 


348,753 


158,212 


42.54 


20,000 


Pennsylvania Fire, 


1,929,405 


1,622,725 


645,509 


37.44 


80,000 


Phenix (New York), . 


3,542,229 


3,128,865 


1,288,815 


38.49 


100,000 


Phoenix (Hartford), . 


3,100,810 


2,994,172 


1,067,586 


36.83 


280,000 



INSURANCE COMMISSIONER. 



xlix 



Table X. — Insurance Companies of Other States — Concluded. 



NAME OF COMPANY. 


Gross Cash 
Income. 


Gross Cash 
Expendi- 
tures. 


Expenses. 


Ratio of 

Expenses to 

Premiums 

Received. 


Cash 

Dividends 

Declared. 


Providence Washington, . 


$1,501,408 


$1,196,121 


$447,479 


30.97 


$32,000 


Queen, 


2,049,899 


1,865,172 


•672,780 


35.21 


100,000 


Reading Fire, .... 


367,467 


290,563 


104,853 


31.61 


25,000 


Reliance, 


342,256 


287,956 


136,221 


45.14 


21,000 


Rochester German, . . 


372,126 


293,889 


145,896 


44.36 


20,000 


Rutgers, 


98,323 


104,833 


42,279 


48.99 


18,000 


Schuylkill Fire, .... 


195,959 


135,188 


31,797 


17.42 


- 


Security, 


521,428 


449,412 


177,755 


36.22 


13,000 


Spring Garden, .... 


570,438 


501,082 


234,596 


45.48 


32,000 


St. Paul Fire and Marine, . 


1,643,002 


1,435,350 


526,219 


51.19 


50,000 


Teutonia, 


384,096 


328,500 


117,857 


32.40 


12,500 


Traders', . 


738,643 


640,989 


265,706 


40.23 


50,000 


Union, ...... 


319,606 


306,015 


137,211 


46.09 


12,000 


United Firemen's, 


322,496 


260,382 


121,865 


47.92 


30,000 


United States Fire, 


332,372 


286,923 


136,026 


45.56 


20,000 


United States Lloyds, . 


567,863 


399,632 


101,716 


23.53 


50,000 


Victoria Fire, 


85,768 


44,045 


19,687 


25.22 


- 


Westchester Fire, 


1,342,218 


1,132,839 


513,374 


40.84 


30,000 


Western, 


207,449 


194,079 


62,539 


33.97 


18,000 


Williamsburgh City, . . 


665,292 


567,085 


266,122 


44.81 


50,000 


Totals 


$92,616,648 


$81,831,283 


$31,448,952 


40.34 


$5,671,681 



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lvi 



REPORT OF THE 



Table XIII. — Massachusetts Business for 1897. 
Massachusetts Mutual Fire Companies. 



NAME OF COMPANY. 


Risks 


Premiums 


Contingent 


Losses 


Losses 




Written. 


Received. 


Assets-. 


Paid. 


Incurred. 


Abington, 


$2,027,908 


$29,721 


$29,721 


$15,131 


$13,518 


Annisquam, 


62,580 


- 


- 


- 


- 


Arkwright, 


44,013,841 


342,460 


1,712,299 


10,922 


10,260 


Atlas, 


830,924 


11,986 


35,958 


5,436 


5,436 


Attleborough, .... 


525,902 


3,439 


6,878 


1,434 


1,434 


Barnstable County, 


1,780,291 


31,891 


95,672 


10,614 


9,364 


Berkshire, ..... 


2,446,960 


34,773 


34,773 


18,374 


17,242 


Boston Manufacturers', 


51,945,692 


395,092 


1,975,462 


13,975 


13,975 


Bristol County 


374,675 


2,535 


25,348 


243 


243 


Cambridge, 


6,319,304 


101,955 


101,955 


30,431 


32,931 


Citizens', 


8,289,713 


112,679 


112,679 


28,820 


26,520 


Cohasset, 


74,460 


1,128 


3,384 


15 


970 


Cotton and Woolen, . 


6,200,938 


52,936 


264,682 


2,948 


2,945 


Dedham 


2,140,348 


33,816 


33,816 


12,129 


10,629 


Dorchester, 


9,183,233 


144,139 


144,139 


60,573 


61,162 


Essex 


1,340,193 


23,232 


23,232 


10,811 


8,999 


Fall River Manufacturers', 


16,289,019 


128,363 


641,816 


2,890 


2,890 


Fitch burg, ..... 


5,185,852 


75,000 


75,000 


32,950 


36,142 


Groveland, 


316,208 


- 


21,f>88 


382 


82 


Hampshire 


1,116,895 


16,281 


16,281 


5,027 


5,027 


Hingham, ..... 


7,725,650 


116,966 


116,965 


27,711 


28,049 


Hoiyoke, 


9,001,245 


133,438 


133,438 


53,740 


53,302 


Home Guaranty,. 


1.500,000 


23,000 


23,000 


14,998 


15,456 


Industrial, 


2,412,956 


28,619 


143,097 


1,291 


1,289 


Lowell, 


2,674,732 


42,874 


42,874 


16,522 


13,874 


Lumber, 


801,601 


14,846 


44,538 


1,210 


1,210 


Lynn 


467,095 


6,398 


12,796 


474 


394 


Merchants' and Farmers', . 


5,319,267 


83,724 


83,724 


32,439 


33,167 


Merrimack, ..... 


9,040,477 


142,689 


142,689 


60,032 


53,160 


Middlesex, 


13,039,715 


191,662 


191,662 


64,347 


64,003 


Mutual Fire Assurance, 


1,237,300 


19,607 


19,607 


6,447 


6,822 


Mutual Protection, . . 


1,222,289 


19,909 


19,910 


5,629 


4,731 


Newburyport, .... 


126.750 


1,746 


6,986 


280 


280 


Norfolk 


5,977,782 


88,013 


88,013 


31,030 


26,246 


Paper Mill 


3,236,045 


26,012 


130,062 


515 


515 


Quincy, 


8,032,871 


119,667 


119,667 


33,057 


26,307 


Rubber Manufacturers', 


4,945,544 


42,841 


214,203 


2,405 


2,721 


Salem 


2,034,412 


33,188 


33,188 


11,020 


11,044 


Salisbury and Amesbury, . 


24,095 


197 


1,966 


466 


466 


Saugus, 


1,000,475 


- 


125,807 


998 


960 


South Danvers, .... 


179,475 


3,837 


11,512 


3,262 


3.262 


Traders' and Mechanics', . 


10,806,534 


168,494 


168,494 


49,340 


49,340 


West Newbury, .... 


319,560 


- 


157,417 


358 


433 


Western Massachusetts, 


600 


5 


15 


645 


- 


Worcester Manufacturers', 


17,994,089 


140,182 


700,911 


4,286 


3,875 


Worcester Mutual, 


11,759,777 


168,020 


604,395 


22,681 


21,587 


Totals 


$281,345,272 


$3,157,360 


$8,691,619 


$708,288 


$682,262 





INSURANCE COMMISSIONER. 



lvii 



Table XIII. — Massachusetts Business for 1897 — Continued. 

Massachusetts Mutual Fire-Marine Companies. 

Fire Business. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Receiv.ed. 


Losses 
Paid. 


Losses 
Incurred. 




$1,572,961 


$16,642 


$3,984 


$3,251 



Marine Business. 



China, . 
India, . 

Totals, 



$17,077,050 



$17,077,050 



$314,303 



$314,303 



$274,040 
451 



$274,491 



$185,585 
451 



5186,036 



Massachusetts Stock Companies. 
Fire Business. 



American, ...... 

Boston Marine, 

Firemen's Fire 

Mercantile Fire and Marine, 

North American, .... 

Springfield Fire and Marine, 


$4,507,442 

5,114,658 

7,565.931 

8,573,256 

12,494,619 

15,099,172 


$39,399 
55,713 
65,294 
69,215 
97.597 

165,329 


$14,937 
11,731 
20,691 
23,161 
52,005 
62,158 


$16,899 
12,892 
21,395 
19,904 
50,874 
57,678 


Totals 


$53,355,078 


$492,547 


$184,683 


$179,642 



Boston Marine, . 



Marine Business. 



$26,150,335 



$444,358 



$368,906 



$334,380 



lviii 



EEPORT OF THE 



Table XIII. — Massachusetts Business for 1897 — Continued. 

Companies of Other States. 
Fire Business. 



name of company. 


Risks 


Premiums 


Losses Paid. 


Losses 




Written. 


Received. 




Incurred. 


iE?na 


$29,601,440 


$294,992 


$131,983 


$140,091 


Agricultural 


12,670,800 


88.556 


24,246 


26,966 


Albany, ...... 


1,442,579 


13,811 


7,829 


3,724 


American (Newark) 


3,973,403 


32,679 


18,083 


17,723 


American Central, .... 


1,520,977 


18,362 


6,590 


6,283 


American Fire (New York), 


6,047,373 


71,904 


33,057 


28,126 


American Fire (Philadelphia), . 


7,422,111 


82,989 


25,854 


21,123 


American Lloyds, .... 


1,518,635 


12,100 


384 


384 


Armenia, ...... 


2,307,143 


24,245 


11,372 


10,785 


Assurance Company of America, 


1,364,507 


14,111 


210 


1,644 


Broadway, 


374,400 


3,248 


_ 


_ 


Buffalo Commercial, .... 


921,212 


8,432 


1,675 


1,675 


Buffalo German, .... 


2,694,191 


24,434 


9,364 


9,990 


Capital Fire, 


3,638,*58 


45,395 


11,229 


11,496 


Citizens' (New York), 


2,197,962 


22,500 


7,425 


8,804 


Citizens' (St. Louis) 


890,238 


7,479 


2,221 


2,152 


Colonial Assurance, .... 


1,932,042 


20,378 


8,252 


8,348 


Commerce, ...... 


1,035,390 


11,921 


3,060 


3,713 


Commercial Union 


1,140,866 


10,261 


1,266 


1,529 


Commonwealth, 


3,149,477 


15,904 


280 


280 


Concordia, 


492,556 


4,816 


2,716 


2.316 


Connecticut Fire, .... 


9,261,000 


105,575 


50,766 


53,733 


Continental, ...... 


15,969,231 


165,111 


58,042 


63,007 


Delaware, ....... 


4,245,655 


50,969 


24,839 


22,625 


Detroit Fire and Marine, . 


1,747,386 


9,865 


977 


1,837 


Eastern, 


1,623,282 


11,285 


8 


104 


Empire City, 


209,333 


1,618 


187 


187 


Equitable Fire and Marine, 


5,045,585 


49,160 


20,607 


23,146 


Erie Fire, 


1,371,052 


15,490 


642 


642 


Faimers' Fire, ..... 


2,166,113 


28,381 


3,776 


5,065 


Farraeut. 


434,566 


5,213 


405 


1,088 


Fire Association of Philadelphia, 


15,111.562 


181,457 


64,002 


68,507 


Fire Insurance Company, County of 


1,065,069 


12,003 


1,470 


938 


Philadelphia. 










Fireman's Fund, 


8,706,209 


99,386 


32,581 


35,543 


Firemen's (Baltimore), 


1,759,327 


17,459 


2,541 


2,547 


Firemen's (Newark), . . . . 


3,508,279 


34,006 


7,102 


7,347 


Franklin Fire, . . . . - . 


2,923,670 


28,792 


9,194 


5,159 


German Alliance, .... 


1,276,945 


13,040 


1,006 


1,443 


German American 


17,935,465 


179,956 


65,613 


66,011 


German Fire 


1,518,551 


19,254 


2,496 


4,703 


Germania Fire, ..... 


5,380,907 


48,912 


23,472 


21,926 


Girard Fire and Marine, . 


2,099,348 


18,210 


9,261 


8,942 


Glen's Falls, 


4,474,857 


39,266 


23,206 


22.518 


Globe Fire 


2,192,152 


25,885 


23,757 


22,630 


Grand Rapids 


782,000 


7,494 


1,166 


1,266 


Granite State, ..... 


6,095,760 


73,191 


21,199 


20.149 


Greenwich, ...... 


5,444,294 


45,496 


28.411 


21,992 


Hanover Fire, ..... 


10,004,635 


114,635 


55.514 


50,286 


Hartford Fire, 


20,412,834 


227,164 


72,110 


75,929 


Home (New York), .... 


46,444,759 


327,876 


105,985 


136,022 


Home Mutual, 


1,184,366 


11,971 


667 


1,366 


Howard Fire, 


555,466 


5,390 


- 


- 


Insurance Co. of North America, 


20,531,316 


228,036 


67,922 


79,496 


Insurance Co. State of New York, 


1,472,837 


15,026 


3,407 


3,6-2 


Insurance Co. State of Pennsylvania, 


4,698,804 


51,316 


18,019 


21,362 



INSURANCE COMMISSIONER. 



lix 



Table XIII. — Massachusetts Business for 1897 — Continued. 

Companies of Other States — Continued. 
Fire Business — Concluded. 





Risks 


Premiums 




Losses 


NAME OF COMPANY. 






Losses Paid. 






Written. 


Received. 




Incurred. 


Lincoln, 










Lumbermen's, 


$1,228,423 


$12,324 


$1,372 


$1,927 


Manhattan, ...... 


2,972,612 


24,675 


21,123 


23,918 


Manufacturers' and Merchants', 


2,879,242 


30,660 


2,844 


6,554 


Mechanics', 


1,353,720 


16,235 


7,864 


8,105 


Merchants' (Newark), 


9,908,203 


80,080 


32,665 


2^,293 


Merchants' (Providence), . 


4,499,293 


42,213 


12,063 


10,712 


Merchants' and Manufacturers', 


1,155,019 


11,546 


525 


2,577 


Michigan Fire and Marine, 


482,220 


5,320 


664 


943 


Middlesex Mutual 


1,652,677 


17,000 


14,866 


22,573 


Millers' and Manufacturers', 


609,643 


9,500 


4,572 


4,297 


Milwaukee Mechanics', 


1,384,436 


10,739 


3,116 


3,116 


National Fire (Connecticut), 


16,599,yi9 


160,521 


51,209 


47,20d 


National Fire (Maryland), 


803,512 


7,917 


509 


509 


National Standard 


1,762,260 


18,243 


312 


483 


Newark Fire, 


881,302 


10,054 


852 


834 


New Hampshire, .... 


18,917,804 


195,488 


83,517 


87,540 


New York Fire 


1,312,087 


7,761 


264 


553 


Niagara, 


11,049,507 


128,788 


50,857 


49,195 


North British and Mercantile, . 


168,350 


1,357 


- 


- 


Northern, ...... 


_ 


760 


_ 


_ 


Northwestern National, 


4,306,286 


39,565 


11,485 


14,315 


Norwalk Fire, 


2,143,650 


24,074 


6,901 


7,022 


Norwood 


782,087 


12,834 


10,792 


7,822 


Orient, 


7,003,585 


66,998 


37,817 


33,917 


Pacific Fire, 


2,150,755 


23,191 


6,481 


6,197 


Pennsylvania Fire, .... 


8,605,721 


113,387 


46,231 


50,642 


Phenix, 


19,744,489 


180,937 


54,080 


55,677 


Phoenix (Connecticut), 


12,270,310 


135,016 


37,886 


36,243 


Providence Washington, . 


10,678,068 


101,536 


34,310 


26,459 


Queen 


15,361,209 


119,950 


41,405 


53,629 


Reading Fire 


3,156,206 


31,996 


10,594 


11,377 


Reliance 


2,274,209 


21,535 


11,252 


9,813 


Rochester German, .... 


3,789,856 


44,970 


15,089 


15,503 


Rutgers 


679,047 


7,012 


2,655 


2,653 


Schuylkill, 


2,167,239 


31,384 


6,930 


6,930 


Security, 


4,307,516 


44,933 


18,103 


16,419 


Spring Garden 


8,492,099 


65,928 


28,693 


27,172 


St. Paul Fire and Marine, . 


5,033,207 


46,626 


18,170 


19,258 


Teutonia 


1,294,382 


14,113 


1,121 


1,105 


Traders' 


2,162,483 


24,467 


1,598 


1,604 


Union, 


3,802,683 


34,815 


8,158 


8,207 


United Firemen's 


2,190,491 


26,349 


8,310 


8,814 


United States, 


2,493,333 


21,933 


6,503 


6,970 


United titates Lloyds, 


- 


- 


- 


- 


Victoria Fire, ..... 


388,612 


3,292 


24 


_ 


Westchester Fire 


7,095,302 


75,623 


24,714 


23,736 


Western, 


609,459 


7,597 


2,880 


2,587 


Williamsburgh City 


3,295,799 


30,691 


4,421 


4,980 


Totals, 


$529,887,087 


$5,238,338 


$1,853,243 


$1,916,676 



REPORT OF THE 

Table XIII. — Massachusetts Business for 1897 — Continued. 

Companies of Other States — Concluded. 
Marine Business. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



-(Etna, ....... 

Atlantic Mutual, 

Fireman's Fund 

Home, 

Insurance Company of North America, 

Orient, ....... 

Providence Washington, 

St. Paul Fire aud Marine, . 

United States Lloyds 

Totals 



$1,486,849 

30,939,747 

2,187,681 

278,920 

35,570,108 

200,000 
6,061,513 

721,307 
5,338,410 



$82,784,535 



$27,504 

208,510 

3,247 

6,408 

161,335 

3,459 
41,873 
21,652 
12,651 



$486,639 



$1,053 
35,376 



108,792 

33 
15,245 

15,599 
2,971 



$179,069 



$8,076 
35,375 



110,000 

1.383 
12,741 
13,176 

1,856 

$182,607 



United States Branches, Foreign Companies. 
Fire Business. 



Aachen and Munich, 


$9,936,705 


$91,624 


ijp^jOOo 


$4,144 


Alliance Assurance, 


536,750 


3,660 


- 


- 


Atlas Assurance 


5,821,964 


61,681 


22,008 


23,952 


Baioise, 


2,255,772 


20,639 


452 


456 


British America 


4,163,007 


50,286 


19,831 


17,412 


Caledonian, 


8,078,285 


96,578 


33,323 


30,577 


Commercial Union, 


12,786,597 


146,721 


71,015 


62,439 


Ham burg- Bremen, ..... 


4,685,578 


45,747 


13,866 


12,951 


Helvetia Swiss 


3,907,727 


29,338 


9,399 


10,203 


Imperial, 


9,800,196 


132,229 


57,873 


56,218 


Lancashire, ....... 


9,659,877 


89,307 


21,476 


20,527 


Law, Union and Crown, .... 


291,250 


2,195 


- 


- 


Lion Fire, 


4,193,925 


39,870 


22,451 


22,058 


Liverpool and London and Glohe, 


34,647,594 


360,354 


112,876 


123,086 


London Assurance 


8,451,752 


81,482 


19,283 


18,379 


London and Lancashire, .... 


14,584,302 


138,220 


40,589 


43,531 


Magdeburg, 


6,229,791 


72,880 


13,406 


13,656 


Manchester Assurance, .... 


8,702,351 


88,808 


27,281 


27,646 


Na'ional of Ireland, . . . - . 


- 


- 


- 


- 


Netherlands, ....... 


1,141,073 


10,500 


2 


2 


North British and Mercantile, 


14,335,660 


150,096 


60,073 


74,030 


Northern Assurance 


10,275,813 


85,651 


28,278 


25,973 


Norwich Union, 


10,975,033 


107,120 


33,205 


32,851 


Palatine, . . . . . . 


13,410,690 


157,946 


44,155 


46,046 


Phoenix Assurance, 


12,468,934 


145,683 


38,527 


41,151 


Prussian National, . 


1,673,206 


18,038 


2,435 


2,997 


Royal, ........ 


31,252,286 


358,708 


133,630 


142,544 


Royal Exchange, . . .... 


1,784,477 


18,294 


3,545 


5,846 


Scottish Union and National, 


12,844,998 


135,108 


41,833 


38,338 


Sun, 


18,297,532 


165,490 


52,918 


52,357 


Svoa 


3,820,183 


32,080 


9,583 


8,590 


Thuiingia, ....... 


3,365,633 


37,500 


5,182 


4,487 


Transatlantic, 


579,662 


4,845 


- 


- 


Union Society, ...... 


3,935,137 


36,729 


6,225 


11.003 


Western Assurance 


6,210,769 


79,088 


35,738 


30,118 


Total's, . . . '. 


$295,104,509 


$3,094,495 


$983,011 


$1,003,568 



INSURANCE COMMISSIONER. 



lxi 



Table XIII. — Massachusetts Business for 1897 — Concluded. 

United States Branches, Foreign Companies — Concluded. 

Marine Business. 



name of company. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


British and Foreign Marine, 

London Assurance, 

Marine of London 

Thames and Mersey Marine, 

Union Marine, . . . . , . . 

Western Assurance 


$160,531,543 
10,089,374 

5,610,783 
89,311,805 

1,704,205 

1,655,636 

3,915,284 

332,813 


$547,214 

13,727 

17,452 

43,047 

9,108 

7,745 

5,947 

11,343 


$564,307 

16,392 

11,590 

4,212 

6,007 

576 

463 
8,554 


$628,163 

17,912 

11,589 

4,212 

6,107 

576 

463 

12,769 


Totals 


$273,151,443 


$655,583 


$612,101 


$681,791 



Recapitulation. 
Fire Business. 



Massachusetts mutual fire companies, 
Massachusetts mutual fire-marine com- 
panies. 
Massachusetts joint-stock companies, 
Companies of other States, .... 
United States branches 


$281,345,272 
1,572,961 

53,355,078 
529,887,087 
295,104,509 


$3,157,360 
16,642 

492,547 
5,238,338 
3,094,495 


$708,288 
3,984 

184,683 

1,853,243 

983,011 


$682,262 
3,251 

179,642 
1,916,676 
1,003,568 


Totals, 


$1,161,264,907 


$11,999,382 


$3,733,209 


$3,785,399 



Marine Business. 



Massachusetts mutual marine companies, . 
Massachusetts joint stock companies, 
Companies of other States, .... 
United States branches, .... 


$17,077,050 
26,150,335 
82,784,535 

273,151,443 


$314,303 
444,358 
486,639 
655,583 


$274,491 
368,906 
179,069 
612,101 


$186,036 
334,380 
182,607 
681,791 


Totals, 


$399,163,363 


$1,900,883 


$1,434,567 


$1,384,814 



xu 



EErORT OF THE 



Table XIV. — Statement of the Receipts and Expenditures of the 
Insurance Department for the Year ending Dec. 31, 1897. 

[Made pursuant to chapter 522, section 17, Acts of 1894.] 

Receipts. 



Compensation for valuation of life insurance policies, 
License fees, filing statements, certificates, etc., 



|19,487 30 
46,421 00 

$65,908 30 



Expenditures. 



Commissioner. 






FrecPk L. Cutting, from October 1, 


S875 00 




George S. Merrill, to September 30, resigned, 


2,625 00 


$3,500 00 






Deputy Commissioner. 






Frank H. Hardison, from October 7, . 


$584 68 




Fred'k L. Cutting, to September 30, appointed 






commissioner, 


1,875 00 


2,459 68 






Actuary. 










2,000 00 


Examiner. 






William H. Brown, from December 16, 


$86 02 




Frank H. Hardison, to October 6, appointee 






deputy commissioner, .... 


1,532 26 


1,618 28 






Clerks. 






Arthur E. Linn ell, first, 


$2,000 00 




William O. Richardson, second, . 


1,500 00 




William H. Brown, third, salary to December 15 






appointed examiner, 


1,148 39 


4,648 39 






Extra Clerks. 






A. M. Hawes, 


f 1,200 00 




C. E. Weis, . 






, 






1,000 00 




M. E. Burrill, 






e 






1,000 00 




S. E. Flint, . 






, 






1,000 00 




E. L. Johnson, 






, 






1,000 00 




F. M. Page, . 






, 






1,000 00 




F. M. Robbins, 






, 






1,000 00 




M. F. Whipple, 






, ' 






1,000 00 




G. C. Stud ley, 






, 






900 00 




G. M Hall, . 






, 






900 00 




V. I. Bryant, . 






, , 






900 00 




M. L. McMann, 






• 






840 00 




Amounts cam 


edfo 


rivar 


i, . 






. $11,740 00 


$14,226 35 



INSURANCE COMMISSIONER. 



Ixiii 



Table XIV. — Statement of the Receipts, etc. — Concluded. 



Amounts brought forward, .... 


$11,740 


00 


$14,226 35 


F. E. Gowell, 


840 


00 




G. L. Moore, . 


, 






840 


00 




L. H Young, . 


. i 






840 


00 




C. L. Sawyer, 


„ 






840 


00 




I. L. Baker, . 


a 


.> 




840 00 




L. E. Brickett, 


. 






825 00 




J. S. Davis, . 


, 






720 00 




G. H. Manks, . 


. 






585 


00 




Emma G. Stevens, 






690 


00 




Mary H. Dyer, 






760 


00 




Belle Hadley, 






300 00 




Mary V. Kelley, . 






300 00 




Lillian W. Whipple, 


■ • • 


„ 


80 00 










20,200 00 






Contingent Expenses. 








Printing and binding, 


$1,651 


90 




Postage, ... .... . 


799 


79 




Travelling expenses, ...... 


668 


17 




Express, telegraph and telephone, 


222 


98 




Stationery and supplies, ..... 


222 


95 




Stenographic work, etc., . . . 


170 


31 




Extra clerical service, ...... 


112 


50 




Books, newspapers, etc., ..... 


111 


25 




Incidentals, ........ 


21 


44 










3,981 29 








Total expenditures for 1897, .... 


$38,407 64 


Fees collected and paid into State treasury, 


. 


• 


65,908 30 


Surplus accrued to the Commonwealh, 


. 


• 


$27,500 66 



MASSACHUSETTS MUTUAL 

FIRE INSURANCE COMPANIES. 



Detailed Statement op Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

December 31, 1897. 



ABINGTON MUTUAL FIRE INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



ABINGTON MUTUAL FIRE INSURANCE COMPANY, 

ABINGTON. 

[Incorporated May 30, 1856. Commenced business June 15, 1857.] 
HENRY B. PEIRCE, President. CARLOS P. FAUNCE, Secretary. 

Amount of permanent fund, $41,728 54 



Detailed Statement of Stocks, 



N. E. Telephone and Telegraph Co. bonds, 
Boston United Gas Co. bonds, . 
Marion County (Ind.) bonds, . 
Ramsey County (Minn.) bonds, 
Omaha (Neb.) city bonds, 
Toledo (Ohio) city bonds, 
Lincoln (Neb.) city bonds, 
St. Paul (Minn.) bonds, . 
Portland & Ogdensburg Railroad bonds, 
Naumkeag Street Railway bonds, . 
East Middlesex Street Railway bonds, 
Trenton Passenger Railway bonds, . 
20 shares Oregon Railway & Navigation Co., 
10 ' 
10 ' 
14 ' 
5 ' 
20 ' 

13 ' 
5 ' 

14 ' 
21 



State National Bank, Boston, . 
Natl Hide and Leather Bank, Boston, 
Metropolitan National Bank, Boston, 
Old Boston National Bank, Boston, . 
South End National Bank, Boston, . 
Abington National Bank, Abington, . 
Whitman National Bank, Whitman, 
First National Bank, Salem, 
First National Bank, Danvers, . 



Rockland & Abington Street Railway, . 

Securities held as collateral for cash loans : — 
Rockland and Abington Street Railway, . 



Bonds, etc. 




Par "Value. 


Market Value. 


$ 1,000 00 


$1,026 25 


2,000 00 


1,840 00 


1,000 00 


1,000 00 


3,000 00 


3,110 00 


3,000 00 


3,135 00 


1,000 00 


. 1,060 00 


2,000 00 


2,000 00 


1,000 00 


1,155 00 


5,000 00 


5,300 00 


2,000 00 


2,030 00 


1,000 00 


1,000 00 


2,000 00 


2,180 00 


2,000 00 


720 00 


1,000 00 


1,110 00 


1,000 00 


1,030 00 


1,400 00 


1,260 00 


500 00 


513 75 


2,Q00 00 


1,240 00 


1,300 00 


1,560 00 


500 00 


510 00 


1,400 00 


1,260 00 


1,575 00 


1,575 00 


1,000 00 


1,102 50 


$37,675 00 


|36,717 50 


Market Value. 


Loaned Thereon. 


$500 00 


$300 00 



ABINGTON MUTUAL FIRE INSURANCE CO. 



3 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 

All other cash loans, 

Cash in the office of the company, . 
Cash deposited in bank, . . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Due on reinsurance, . . . . , 
Gross assets, . . . 



81, 1897. 

$6,000 00 

15,881 00 

230 48 

36,717 50 

300 00 

300 00 

1,562 57 

10,525 52 

431 00 

1,616 42 

12 00 

100 90 



$73,677 39 



Liabilities. 

Unearned premiums on outstanding risks, . $46,807 49 

Profits or surplus on terminated policies, unpaid, 864 82 

Due and accrued for rent, salaries, etc., . . 163 25 

Commissions and brokerage, ...'... 320 19 

Gross liabilities, ..... 

Net cash assets, ......... 



48,155175 
$25,521 64 



Income. 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 

Total, . . . 
Premiums now in course of collection, 



Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 
Income from all other sources, 



Gross cash income, 



other 



$1,597 60 
30,317 99 

$31,915 59 
1,616 42 



299 17 

3,086 07 



sources, 



$27,213 10 

326 31 

1,526 07 

2,081 23 

479 00 

279 21 

$31,904 92 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$6,000 00 
23,050 00 
19,850 00 



ANNISQUAM MUTUAL FIRE INSURANCE CO. 



Expenditures. 
Cash paid for losses, . . 

Deduct salvage and reinsurance, 
Net cash paid for losses, ..... 
Cash paid as profits on terminated policies, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents and incidentals, 

Gross cash expenditures, . . . . 



$15,321 41 
150 00 



,171 41 

10,297 54 

4,411 66 

2,649 45 

296 93 

1,371 06 

|34,198 05 



Risks and Premiums. 

Amount. Cash Prem's. Conthig't Prem's. 

Risks outstanding Dec. 31, 1896, 17,698,622 00 $115,784 79 $115,784 79 

Risks written during 1897, . 2,068,933 00 30,317 99 30,317 99 



Total, .... $9,767,555 00 $146,102 78 $146,102 78 
Risks terminated during 1897, 2,744,069 00 41,031 02 41,031 02 



In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



',023,486 00 $105,071 76 $105,071 76 
247,975 00 3,440 11 3,440 11 



1,775,511 00 $101,631 65 $101,631 65 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 15, 25 and 40 per cent. 



$13,558 00 



ANNISQUAM MUTUAL FIRE INSURANCE COMPANY, 

GLOUCESTER. 

[Incorporated March 1, 1847. Commenced business Dec. 28, 1847.] 

ELI AS DAVIS, President. JAMES S. JEWETT, Secretary. 

[Note. — This company charges a cash premium adequate for expenses only, and relies upon 
assessments on deposit notes to pay losses.] 



Amount of permanent fund Dec. 31, 1896, 
Increase during the year, . 



Permanent fund Dec. 31, 1897, . 



$527 91 
23 53 

$551 44 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

United States bonds, . . . . . . $500 00 $56125 



ANNISQUAM MUTUAL FIRE INSURANCE CO. 



Summary of Assets Dec. 31, 1897. 

$2,813 94 

77 20 

561 25 



Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Cash in the office of the company, 

Cash deposited in bank, . 

Interest due and accrued, . 

Office safe, $85 00 

Gross assets, 



83 59 

4,691 55 

5 00 



,232 53 



Liabilities. 
Profits or surplus on terminated policies, unpaid, 

Net cash assets, 



109 32 



5,123 21 



Income. 

Cash received from assessments, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 



$223 25 

174 84 

20 00 

$418 09 



Expenditures. 

Cash paid for salaries of officers and employees, 
for State and local taxes, 
for rents and incidentals, 

Gross cash expenditures, .... 



$350 00 

1 23 

20 98 



$372 21 



Risks and Premiums. 



Risks outstanding Dec. 31, 1896, 
Risks written during 1897, 

Total, 

Risks terminated during 1897, . 

In force at end of year, 



Amount. Conting't Prem's. 

$340,405 00 $21,062 45 
62,580 00 4,102 60 



$402,985 00 $25,165 05 
60,930 00 4,016 60 



$342,055 00 $21,148 45 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$2,900 00 
5,500 00 
4,263 00 



6 



ARKWRIGHT MUTUAL FIRE INSURANCE CO. 



ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 8, 1860. Commenced business Oct. 1, I860.] 
R. W. TOPPAN, President. D. W. BARTLETT, Secretary. 

Office, 31 Milk Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

United States bonds, . . . . $25,000 00 $28,125 00 

Cambridge city bonds, 15,000 00 16,237 50 

Boston city bonds, 20,000 00 22,575 00 

Providence city bonds, 20,000 00 20,900 00 

Waltham city bonds, . . . . . 10,000 00 10,600 00 

Lowell city bonds, 20,000 00 22,500 00 

Springfield city bonds, 20,000 00 20,500 00 

Worcester city bonds, 25,000 00 25,562 50 

Fitchburg Railroad bonds, .... 10,000 00 10,200 00 

Eastern Railroad bonds, ..... 35,000 00 41,650 00 

Old Colony Railroad bonds, .... 40,000 00 43,800 00 

Boston & Lowell Railroad bonds, . . . 90,000 00 97,325 00 

Chicago, Burlington & Quincy R.R. bonds, . 50,000 00 54,800 00 

Boston & Maine Railroad bonds, . . . 50,000 00 54,500 00 

Philadelphia, Wilm. & Baltimore R.R. bonds, . 20,000 00 21,900 00 

New York, Providence & Boston R.R. bonds, . 10,000 00 10,150 00 

Boston & Providence Railroad bonds, . . 20,000 00 21,650 00 

Lake Shore & Michigan Southern R.R. bonds, 30,000 00 35,400 00 

Pennsylvania Company bonds, . . . 30,000 00 33,900 00 

Chicago June. R.R. & Union St'k Y'ds bonds, . 25,000 00 27,625 00 

Boston Terminal Company bonds, . . . 40,000 00 43,200 00 

$605,000 00 $663,100 00 



Summary of Assets Dec. 31, 1897. 



Stocks, bonds, etc , as per schedule, 
All other cash loans, . 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, .... 



$663,100 00 

3,333 40 

426 93 

164,005 18 

8,664 57 

1,032 38 



,562 46 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, ..... 

Net cash assets, 



$1,600 00 

372,791 50 

1,327 78 



375,719 28 

$464,843 18 



ATLAS MUTUAL INSURANCE CO. 



Income. 

Premiums outstanding Dec. 31, 18Q6, . . $4,126 78 

Premiums on risks written or renewed, . . 782,143 41 

Total, .' . ..'... . $786,270 19 

Premiums now in course of collection, . . 1,032 38 

Entire premiums collected, .... $785,237 81 

Less reinsurance and return premiums, . . 31,644 86 

Net cash premiums received, . . . . 

Interest and dividends received from all sources, . 



$753,592 95 
32,274 69 



Gross cash income, . $785,867 64 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for rents, .... 
for inspections, 
for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1896, $92,888,177 00 
Risks written during 1897, . 100,938,574 00 



Total, 



$193,826,751 00 



Risks terminated during 1897, 97,824,343 00 
In force at end of year, . 



Cash Prem's. 

$728,632 47 
782,143 41 

L,510,775 88 
765,192 87 



$30,307 83 

649,605 79 

24,600 00 

7,458 92 

1,687 84 

13,004 34 

4,740 80 

$731,405 52 



Conting't Prem's. 

$3,643,162 35 
3,910,717 05 

$7,553,879 40 
3,825,964 35 



>,002,408 00 

Miscellaneous. 

Losses incurred during the year, . 

Profits or surplus returned during 1897, 88.54 per cent. 



$745,583 01 $3,727,915 05 



$26,950 00 



ATLAS MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated February, 1892. Commenced business June 15, 1892.] 
JOHN A. PRAT, President. ARTHUR F. JONES, Secretary. 

Office, 2 Mason Building. 
Amount of permanent fund, 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. 

United States bonds, $50,000 00 

Massachusetts State bonds, .... 25,000 00 



$25,000 00 



Market Value. 

$63,937 50 
25,406 25 



$75,000 00 $89,343 75 



8 



ATLAS MUTUAL INSURANCE CO. 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



31, 1897. 



,343 75 
12,246 26 

770 83 
18,658 87 



$121,019 71 



Liabilities. 

Losses adjusted, unpaid, $6,618 25 

Losses claimed and reported, .... 16,962 81 

Unearned premiums on outstanding risks, . 45,127 43 

Return premiums on cancelled policies, . . 648 66 

Profits or surplus on terminated policies, unpaid, 3,286 00 

Commissions and brokerage, .... 3,602 04 

Gross liabilities, 



76,245 19 



Net cash assets, . $44,774 52 



Income. 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest and dividends received from all sources, . 

Received from other companies on account of excess losses, . 

(Received for borrowed money, $15,000.) 



$24,032 70 
101,649 99 

$125,682 69 
18,658 87 

$107,023 82 
14,808 71 



$92,215 11 
2,557 09 
7,407 78 



Gross cash income, $102,179 98 



Expenditures. 

Cash paid for losses, . 

Deduct salvage and reinsurance, 

Net cash paid for losses, .... 

Cash paid as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

(Paid for borrowed money, $15,000.) 

Gross cash expenditures, .... 



$73,369 32 
2,606 79 



,762 53 

7,821 99 

18,312 05 

5,759 36 

2,837 97 



$105,493 90 



ATTLEBOROUGH MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Contlng't Prem's. 

Risks outstanding Dec. 31, 1896, $9,693,314 00 $141,209 57 $423,628 71 

Risks written during 1897, . 8,006,056 00 101,649 99 304,949 97 



Total, .... $17,699,370 00 $242,859 56 $728,578 68 
Risks terminated during 1897, 10,975,279 00 152,523 32 457,569 96 



In force at end of year, . . $6,724,091 00 $90,336 24 $271,008 72 
Deduct amount reinsured, . 21,500 00 193 75 581 25 



Net amount in force, . $6,702,591 00 $90,142 49 $270,427 47 



Miscellaneous. 

Losses incurred during the year, $79,658 00 

Profits or surplus returned during 1897, 10 per cent. 



ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY, 

ATTLEBOROUGH. 

[Incorporated Feb. 24, 1844. Commenced business July, 1845.] 
EVERETT S. CAPRON, President. ELIJAH R. READ, Secretary. 

Amount of permanent fund, $16,901 35 

Summary of Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens*) , 

Interest due or accrued thereon, 

All other cash loans, 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross), 

Gross assets, $34,356 48 



$21,900 00 


156 


34 


6,000 


00 


323 


73 


5,800 


12 


120 


00 


56 


29 



Liabilities. 
Unearned premiums on outstanding risks, .... 7,292 94 

Net cash assets, $27,063 54 

* Value of lands mortgaged, $12,350 00 

Value of buildings thereon 32,650 00 

Amount of insurance held as collateral, .... 25,650 00 



10 BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



Income. 
Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Received for extra premiums, . 
Interest received on mortgages, 

Gross cash income, . 



Expenditures. 

Cash paid for losses, . . 

for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, 



$148 25 
3,438 78 




$3,587 03 
56 29 




$3,530 74 
111 56 


$3,419 18 

32 37 

1,530 20 


. 



Gross cash expenditures, . 



Risks outstanding Dec. 31, 1896, 
Risks written during 1897, 



Risks and Premiums. 

Amount. 

2,131,855 00 

525,902 00 



,981 75 



$1,434 03 


851 


34 


36 


92 


33 


00 


93 


57 



Total, 
Risks terminated during 1897, 

In force at end of year, . 



},657,757 00 
434,997 00 



Cash Prem's. 

$12,257 02. 
3,438 78 

$15,695 80 

2,286 77 



!,448 86 



Conting't Prem's. 

$24,514 04 
6,739 56 

$31,253 60 
4,573 54 



1,222,760 00 $13,409 03 $26,680 06 



Miscellaneous. 
Losses incurred during the year, 



:,434 00 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY, 

YARMOUTHPORT. 

[Incorporated March 2, 1833. Commenced business Aug. 1, 1833.] 
SIMEON ATWOOD, President. FRANK THACHER, Secretary. 

Amount of permanent fund, . $57,365 80 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

13 shares Winthrop National Bank, Boston, . $1,300 00 $1,703 00 

20 " State National Bank, Boston, . . 2,000 00 2,200 00 

13 " Tremont National Bank, Boston, . 1,300 00 923 00 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



11 



10 shares Massachusetts Nat'l Bank, Boston, 
8 " Shawmut National Bank, Boston, 
5 " Nat'l Bank of the Republic, Boston 
15 " Nat'l Bank of Redemption, Boston, 
15 " First National Bank, Yarmouth, 
10 " First National Bank, Hyannis, 
10 " Falmouth National Bank, 
50 " Massachusetts Real Estate Co., 
63 " Old Colony Railroacl, 
49 " Union Pacific Railroad, 

8 " Central Pacific Railroad, 
National Tube Works Co. stock, 
Fall River city bonds, 
Boston & Maine Railroad bonds, 
Fitchburg Railroad bonds, 
Iowa Falls & Sioux City Railroad bonds, 
Chicago & E. Illinois Railroad bonds, 
Oregon Short Line Railroad bonds, . 
Illinois Steel Company bonds, . 
Farm mortgage bonds, . . . 



Summary of Assets Dec. 31, 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Stocks, bonds, etc., as per schedule, 
All other cash loans, . 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Gross assets, 



Par Value. 

$1,000 00 

800 00 

500 00 

1,500 00 

1,500 00 

1,000 00 

1,000 00 

5,000 00 

6,300 00 

4,900 00 

650 00 

9,900 00 

1,000 00 

12,000 00 
5,000 00 
2,000 00 
2,500 00 
1,000 00 
1,000 00 
800 00 



Liabilities. 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, .... 

Net cash assets, . . . 



$44,417 45 
59 45 



Market Value. 

$762 50 

914 00 

710 00 

1,683 75 

1,875 00 

1,150 00 

1,100 00 

700 00 

11,812 50 

1,287 50 

125 00 

8,087 50 

1,140 00 

12,810 00 

5,261 25 

2,540 00 

2,995 00 

987 50 

850 00 

800 00 



163,950 00 $62,417 50 

1897. 

$2,000 00 

700 00 

62,417 50 

10,535 50 

530 69 

5,971 07 

1,703 37 

,858 13 



44,476 90 



,381 23 



Income. 

Cash premiums received, 

Received for extra premiums, ..... 
Interest received on mortgages, .... 
Interest and dividends received from all other sources, 

Gross cash income, 



* Value of lands mortgaged, $100 00 

Value of buildings thereon, 900 00 

Amount of insurance held as collateral, 700 00 



$31,890 59 

1,1.30 00 

63 00 

3,539 07 

,622 66 



12 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, , 
for salaries of officers and employees, 
for State and local taxes, 
for rents, etc., ..... 



Gross cash expenditures, 



$10,614 


18 


21,414 


12 


5,378 


25 


306 


94 


455 


27 



,168 76 



Risks and Premiums. 

Amount. Cash Prem/s. Contingt Prem's. 

Risks outstanding Dec. 31,1896, $7,364,736 00 $ 126,587 23 $379,761 69 

Risks written during 1897, . 1,780,291 00 31,890 59 95,671 77 



Total, . . . . $9,145,027 00 $158,477 82 $475,433 46 

Risks terminated during 1897, 1,751,158 00 30,573 84 91,721 52 



In force at end of year, . 



r ,393,869 00 $127,903 98 $383,711 94 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1897, 70 per cent. 



>,364 00 



BERKSHIRE MUTUAL FIRE INSURANCE COMPANY, 

PITTSFIELD. 

[Incorporated March, 1835. Commenced business August, 1835.] 
FRANK W. HINSDALE, President. JOHN M. STEVENSON, Secretary. 



Amount of permanent fund, 



$57,271 91 



Detailed Statement of Stocks, 



Western Union Telegraph Co. bonds, 
Chicago & Western Indiana Railroad bonds, 
Baltimore & Ohio Railroad bonds, . 
St. Paul & Sioux City Railroad bonds, . 
110 shares Boston & Albany Railroad, 

25 

50 

19 
100 

55 

10 

12 



N. Y. Cent. & Hudson River R.R., 
Chicago, Burlington & Quincy R.R 
New Hampshire Trust Co., 
Adams Express Co., 
Pittsfield National Bank, Pittsfield, 
Agricultural Nat'l Bank, Pittsfield, 
Third National Bank, Pittsfield, 



Bonds, etc. 

Par Value. 

$5,000 00 
5,000' 00 
2,000 00 
1,000 00 

10,000 00 
2,500 00 
5,000 00 
1,900 00 

10,000 00 
5,500 00 
1,000 00 
1,200 00 



Market Value. 

$5,280 00 
6,000 00 
1,800 00 
1,300 00 

22,200 00 

2,700 00 

5,000 00 

950 00 

16,000 00 
8,525 00 
2,600 00 
2,520 00 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 



13 



15 shares First National Bank, Adams, . 

16 " Adams Nat'l Bank, North Adams, 
10 " Lenox National Bank, Lenox, 

4 " Lee National Bank, 
Pittsfield Electric Street Railway Co., 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Stocks, bonds, etc., as per schedule, . 
All other cash loans, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



Par Value. 


Market Value. 


$1,500 00 


$1,950 00 


1,600 00 


2,160 00 


1,000 00 


1,400 00 


400 00 


700 00 


2,500 00 


2,500 00 


$57,100 00 


$83,585 00 


. 31, 1897. 




$12,000 00 




83,585 00 




2,000 00 




759 71 




1,660 01 




145 02 




4,382 66 




181 50 






$104,713 90 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, 
Surplus due on terminated policies, . 
Due and accrued for rent, salaries, etc., 
Due for borrowed money, 
State and local taxes, 
Commissions and brokerage, . 
Gross liabilities, 



Net cash assets, 



Income. 
Premiums outstanding Dec. 31, 1896, . . $2,355 89 

Premiums on risks written or renewed, . . 34,773 13 

Total, $37,129 02 

Premiums now in course of collection, . . 4,382 66 

Entire premiums collected, .... $32,746 36 

Less reinsurance and return premiums, . . 2,108 93 

Net cash premiums received, . 

Received for extra premiums, . 

Interest and dividends received from all sources, 

Income from rents, .... 



Gross cash income, 



$1,052 60 

27 50 

63,986 33 

101 03 

1,765 82 

201 15 

4,500 00 

73 96 

518 93 



72,227 32 



$32,486 58 



$30,637 43 

375 92 

3,666 29 

1,001 72 

$35,681 36 



14 BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 



Expenditures. 
Cash paid for losses, .... 
as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers, 
for State and local taxes, 
for rents, .... 
for incidentals, 

Gross cash expenditures, . 



$18,373 98 

16,679 04 

3,951 72 

3,000 00 

397 83 

450 00 

1,731 23 

$44,583 80 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31,1896, $9,283,977 00 
Risks written during 1897, . 2,446,959 00 



Total, .... $11,730,936 00 
Risks terminated during 1897, 2,593,627 00 



In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



1,137,309 00 
117,100 00 



Cash Prem's. 

$129,578 26 

34,773 13 

$164,351 39 

34,305 53 

$130,045 86 

1,427 95 



Conting't Prem's. 

$129,578 26 

34,773 13 

$164,351 39 

34,305 53 

30,045 86 

1,427 95 



1,020,209 00 $128,617 91 $128,617 91 



Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1897, 25, 40 and 60 per cent. 



$17,242 00 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE 
COMPANY, BOSTON. 

[Incorporated March 15, 1850. Commenced business Oct. 15, 1850,] 
EDWARD ATKINSON, President. FRANCIS E. ROBINSON, Secretary. 

Office, 31 Milk Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Massachusetts State bonds, .... $165,00000 $184,80000 

Old Colony R.R. bonds, ... . . 120,000 00 128,400 00 

Boston & Albany R.R. bonds, .... 50,000 00 53,375 00 

Eastern R.R. bonds, . . . . . . 25,000 00 29,750 00 

United New Jersey Railway & Canal Co. bonds, 50,000 00 57,000 00 

Baltimore & Ohio R.R. bonds, .... 50,000 00 40,000 00 

Brookline town bonds, ... . . 52,000 00 52,000 00 

Boston & Maine R.R. bonds, . . . . 50,000 00 59,500 00 

Pennsylvania Co. bonds, 30,000 00 33,975 00 

West Shore R.R. bonds, . " . . . . 50,000 00 55,000 00 

Boston & Lowell R.R. bonds, . ...... 75,000 00 76,500 00 



BOSTON MANUFACTURE!^' MUTUAL FIRE INSURANCE CO. 15 



Phila., Wil. & Baltimore R.R. bonds, 

Rome, Watertown & Ogdensburg R.R. bonds, 



Par Value. Market Value. 

$40,000 00 $42,000 00 
50,000 00 61,000 00 



$807,000 00 $873,300 00 



Summary of Assets Dec. 31, 1897. 

Stocks, bonds, etc., as per schedule, . . f 873,300 00 

All other cash loans, ..... 6,042 02 

Cash in the office of the company, . . . 7,428 04 

Cash deposited in bank, 22,904 31 

Interest due and accrued, 8,012 47 

Gross assets, . . . . . . 

Liabilities. 

Unearned premiums on outstanding risks, . $430,726 77 

State and local taxes accrued, .... 1,628 20 

Gross liabilities, 



$917,686 84 



432,354 97 



Net cash assets, . . . . ... . . $485,331 87 



Income. 
Premiums on risks written or renewed, . 
Less reinsurance and return premiums, . 
Net cash premiums received, .... 
Interest and dividends received from all sources, 

Gross cash income, 

Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 

for salaries of officers and employees, 

for State and local taxes, 

for rents, .... 

for inspections, 

for incidentals, - . 

Gross cash expenditures, . 



$909,588 58 
42,853 42 



,735 16 
32,805 68 

$899,540 84 



$32,929 05 

764,657 69 

34,107 27 

8,585 10 

1,976 36 

14,120 04 

8,272 35 

$864,647 86 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1896, $108,443,199 00 $849,956 55 $4,249,782 75 

Risks written during 1897, . 118,268,359 00 909,588 58 4,547,942 90 

Total, .... $226,711,558 00 $1,759,545 13 $8,797,725 65 

Risks terminated during 1897, 115,206,820 00 898,091 59 4,490,457 95 

In force at end of year, . .$111,504,738 00 $861,453 54 $4,307,267 70 

Miscellaneous. 

Losses incurred during the year, $32,929 00 

Profits or surplus returned during 1897, 89 t 6 o q per cent. 



16 



BKISTOL COUNTY MUTUAL FIRE INSURANCE CO. 



BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY, 

NEW BEDFORD. 

[Incorporated Feb. 13, 1829. Commenced business July 4, 1829.] 
JAMES TAYLOR, President. G-EO. N. ALDEN, Secretary. 

[Note. — Policies are all issued for five years, ten per cent, of the premium note being 
received in cash at the time of issuing the policy. The notes are assessed as necessity requires. 
No cash funds are accumulated.] 



Summary of Assets Dec. 31, 1897. 

Cash in the office of the company, . . . $574 03 

Cash deposited in bank, 3,525 25 

Premiums in course of collection (gross), . 245 60 
Prem's more than three mos. due, . f 34 64 

Gross assets, 



: ,344 88 



Liabilities. 



State and local taxes, 
Commissions and brokerage, 
Gross liabilities, 



Net cash assets, 



$5 46 
33 32 



38 78 



L,306 10 



Income. 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Received for extra premiums, . 

Income from fees, ..... 



$150 94 
2,579 80 



$2,730 
280 


74 
24 


$2,450 50 
44 45 



$2,406 


05 


31 


15 


9 


75 



Gross cash income, 



$2,446 95 



Expenditures, 

Cash paid for losses, .... 

for commissions and brokerage, 
for salaries of officers, 
for State and local taxes, 
for incidentals, 

Gross cash expenditures, . 



$243 49 


144 54 


1,100 00 


24 73 


120 73 



,633 49 



CAMBRIDGE MUTUAL FIRE INSURANCE CO, 



17 



Risks outstanding Dec. 31, 1896, 
Risks written during 1897, 



Risks and Premiums. 

Amount. Conting't Prem's. 

$2,400,830 00 $162,173 00 

380,875 00 25,798 00 



Total, .... 
Risks terminated during 1897, 

In force at end of year, 



Miscellaneous 
Losses incurred during the year, 



5,781,705 00 f 187,971 00 
450,025 00 30,429 00 



$2,331,680 00 $157,542 00 



$243 00 



CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY, 

CAMBRIDGE. 

[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.] 
DANA W. HYDE, President. ALFRED L. BARBOUR, Secretary. 



Amount of permanent fund, 



$130,688 77 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Cambridge city bonds, $2,000 00 $2,400 00 

Boston city bonds, 5,000 00 5,000 00 

Portland city bonds . 10,000 00 12,000 00 

West End Street Railway bonds, . . . 5,000 00 5,000 00 

Maine Central R.R. bonds, . . ... 5,000 00 5,000 00 

North Packing Co. bonds, .... 5,000 00 5,000 00 

Eastern R.R. bonds, 1,500 00 1,700 00 

Boston & Lowell R.R. bonds, .... 5,000 00 5,000 00 

Fitchburg R.R. bonds, ..... 1,000 00 1,000 00 

15 shares National City Bank, Cambridge, . « 1,500 00 2,250 00 

1 share Framingham National Bank, . . 100 00 140 00 



$41,100 00 $44,490 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

All other cash loans, . 

Cash in the office of the company, 



13,800 00 
107,383 00 
1,824 11 
44,490 00 
3,000 00 
2,039 62 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$82,300 00 
127,600 00 
127,600 00 



18 



CAMBRIDGE MUTUAL FIRE INSURANCE CO. 



Cash deposited in bank, $12,722 81 

Interest due and accrued, ..... 397 91 

Premiums in course of collection (gross), . 21,254 13 

Rents due and accrued, . . . . . 926 84 
Prem's more than three mos. due, $2,455 11 

Gross assets, 



1257,838 42 



Liabilities. 

Losses adjusted, unpaid, 

Losses claimed and reported, .... 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . . 

Gross liabilities, 



$2,000 00 

500 00 

174,263 40 

1,399 88 

250 00 

3,068 47 



181,481 75 



Net cash assets, . $76,356 67 



Income 

Premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, . . 

Gross cash income, 



$17,312 38 
1,434 85 

$15,877 53 
115,758 67 

$131,636 20 
21,254 13 

$110,382 07 
5,526 94 



sources, 



$104,855 13 

497 60 

4,135 41 

2,157 89 

6,792 30 

$118,438 33 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents and incidentals, . 

for expenses on real estate, 



$32,831 93 
42,721 20 
10,536 00 
8,854 16 
2,890 43 
4,922 54 
3,000 00 



Gross cash expenditures, 



$105,756 26 



citizens' mutual FIRE INSURANCE CO. 



19 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1896, f 18,441,167 00 $297,072 47 



Risks written during 1897, 

Total, .... 
Risks terminated during 1897, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



7,024,088 00 115,758 67 



$25,465,255 00 $412,831 14 
5,271,962 00 85,296 76 



$20,193,293 00 $327,534 38 
27,080 00 526 60 



Conting't Prem's. 

$297,072 47 
115,758 67 

$412,831 14 
85,296 76 

$327,534 38 
526 60 



,166,213 00 $327,007 78 $327,007 78 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 25, 50 and 70 per cent. 



$35,332 00 



CITIZENS' MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated March 7, 1846. Commenced business Oct. 6, 1846.] 
HENRY C. BIGELOW, President. T. WALLACE TRAVIS, Secretary. 

Office, 8 Exchange Place. 



Amount of permanent fund, 



$174,441 91 



Detailed Statement of Stocks, Bonds, etc. 



30 shares Hide and Leather National Bank, . 
15 " Natick National Bank, 
5 " Farmington National Bank (N. H.), 
Butchers' S. and M. Association bonds, . 
Denver Land and Security Co. bonds, 



Summary of Assets Dec 
Cash value of unencumbered real estate, 



st liens*) 



Loans on mortgage of real estate (fir 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
All other cash loans, . 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 



Par Value. Market Value. 

$3,000 00 $3,138 00 

1,500 00 1,800 00 

500 00 500 00 

4,000 00 4,000 00 

1,800 00 1,800 00 

$10,800 00 $11,238 00 

31, 1897. 

$31,700 00 

286,170 00 

4,084 56 

11,238 00 

1,400 00 

1,685 68 

• 15,179 10 

119 20 

4,636 66 

$356,213 20 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$151,600 00 
399,400 00 
340,800 00 



20 



citizens' mutual FIRE INSURANCE CO. 



Liabilities. 

Unearned premiums on outstanding risks, . $206,701 57 

Profits or surplus on terminated policies, unpaid, 1,986 54 

Commissions and brokerage, .... 695 52 

Gross liabilities, , — — — - 



$209,383 63 



Net cash assets, $146,829 57 



Income. 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, . . 
Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



$2,711 38 
112,679 03 

$115,390 41 
4,636 66 

$110,753 75 
4,892 96 



sources, . 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, .... 

Gross cash expenditures, .... 



$105,860 79 

1,138 52 

14,838 13 

975 71 

930 91 

$123,744 06 



$28,820 39 
56,137 89 
16,500 16 
8,032 00 
1,725 90 
2,100 00 
3,545 38 

$116,861 72 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1896, $28,111,853 00 $387,499 55 $387,499 55 



Risks written during 1897, 

Total, 
Risks terminated during 1897 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



8,289,713 00 112,679 03 112,679 03 



$36,401,566 00 $500,178 58 $500,178 58 
6,911,794 00 92,998 46 92,998 46 



,489,772 00 $407,180 12 $407,180 12 
15,575 00 180 16 180 16 



,474,197 00 $406,999 96 $406,999 96 



Miscellaneous. 
Losses incurred during the year, . . 
Profits or surplus returned during 1897, 50 and 70 per cent. 



$26,520 39 



COHASSET MUTUAL FIRE INSURANCE CO. 



21 



COHASSET MUTUAL FIRE INSURANCE COMPANY, COHASSET. 

[Incorporated March 18, 1845. Commenced business March 16, 1846.] 
LOUIS N. LINCOLN, President. PHILANDER BATES, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 



9 shares City National Bank, Boston, 

3 " Merchants' National Bank, Boston, . 



Par Value. Market Value. 

$900 00 $900 00 
300 00 300 00 



.,200 00 $1,200 00 



Summary of Assets Dec. 31, 1897. 

Stocks, bonds, etc., as per schedule, . . $1,200 00 

Cash in the office of the company, . . . 167 60 

Cash deposited in bank, 994 94 

Office furniture, . . . . $60 00 
Prem's more than three mos. due, . 2 70 

Gross assets, __ f 2,362 54 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Gross liabilities, 

Balance against company, . ... 



$970 00 
2,885 12 



3,855 12 



$1,492 58 



Income. 

Premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest and dividends received from all sources, . 

Gross cash income, . . . . 



$21 78 
6 30 



$15 48 
1,127 86 


$1,143 34 
2 70 


$1,140 64 
13 55 



$1,127 


09 


9 


65 


31 


95 



$1,168 69 



22 COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 
for salaries of officers and employees, 
for State and local taxes, 
for rents and incidentals, 

Gross cash expenditures, .... 



. . . $15 


00 


438 


38 


298 


48 


. . - . 11 


21 


69 


60 


$832 


67 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1896, $351,535 00 
Risks written during 1897, . 74,460 00 



In force at end of year, . 



Total, .... $425,995 00 

Risks terminated during 1897, 64,180 00 



$361,815 00 



Cash Prem's. Conting't Prem's. 

$5,407 91 $16,440 60 
1,127 86 3,383 58 



$6,535 77 
965 00 

$5,570 77 



,824 18 
2,886 70 

,937 48 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 15, 30 and 50 per cent. 



$985 00 



COTTON AND WOOLEN MANUFACTURERS' MUTUAL INSURANCE 

COMPANY, BOSTON. 

[Incorporated Oct. 19, 1875. Commenced business Oct. 20, 1875.] 
M. V. B. JEFFERSON, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 



Detailed Statement of Stocks, Bonds, etc. 



Fitchburg R.R. bonds, .... 

Chicago, Burlington & Quincy R.R. bonds, 

Boston city bond, . . 

Metropolitan Street R.R. bonds, 

Maine Central R.R. bonds, 

Cheshire R.R. bonds, 

Portland & Ogdensburg R.R. bonds, 

New York & New England R.R. bonds, 

Lynn & Boston R.R. bonds, 

Middlesex R R. bonds, 

Highland Street R.R. bonds, . 

South Boston R R. bonds, . 

West End Street R.R. bonds, . 



Par Value. 

$34,000 00 

10,000 00 

2,000 00 

5,000 00 

36,000 00 

17,000 00 

10,000 00 

17,000 00 

12,000 00 

1,000 00 

1,000 00 

5,000 00 

32,000 00 



Market "Value. 

$36,750 00 

10,600 00 

2,010 00 

5,275 00 

38,250 00 

17,170 00 

10,600 00 

20,230 00 

12,000 00 

1,055 00 

1,040 00 

5,325 00 

33,345 00 



COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 23 



N. Y., N. H. & Hartford R.R. bonds, 
Watertovvn city bonds, 
Taunton city bonds, . 
Connecticut River R R. bonds, . 
Bangor & Aroostook R.R. bonds, 
Corporation notes, 



Par Value. 

$6,000 00 
4,000 00 

10,000 00 
5,000 00 

15,000 00 

65,000 00 



Market Value. 

$6,570 00 
4,180 00 

10,850 00 
5,000 00 

15,300 00 

59,000 00 



'$287,000 00 $294,550 00 



Summary of Assets Dec. 31, 1897. 



Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



$294,550 00 

4,449 42 

27,885 34 

4,457 45 

2,471 83 

600 00 



$334,414 04 



Liabilities. 

Losses claimed and reported, .... $17,550 17 

Unearned premiums on outstanding risks, . 162,983 35 

State and local taxes, ..... 642 17 

Gross liabilities, ..... — — — - 



181,175 69 



Net cash assets, 



$153,238 35 



Income, 
Premiums outstanding Dec. 31, 1896, . . $3,251 49 

Premiums on risks written or renewed, . . 333,829 54 

Total, . . . . . . . . $337,081 03 

Premiums now in course of collection, . . 2,471 83 

Entire premiums collected, .... 

Interest and dividends received from all sources, . 

Gross cash income, ........ 



$334,609 20 
10,999 45 



$345,608 65 



Expenditures. 
Cash paid for losses, . . . . 

as profits on terminated policies, 
for salaries of officers and employees, 
for State and local taxes, 
for rents and joint office expenses, . 
for inspections, .... 

for incidentals, .... 



$22,656 29 
236,680 39 
8,197 85 
3,943 36 
8,894 39 
9,360 79 
670 53 



Gross cash expenditures, 



$290,403 60 



24 



DEDHAM MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. CashPrem's. Conting't Prem's. 

Risks outstanding Dec 31, 1896, $32,728,545 00 $304,866 41 $1,524,332 05 

Risks written during 1897, . 37,805,374 00 333,829 54 1,669,147 70 



Total, . . . . $70,533,919 00 $638,695 95 $3,193,479 75 
Risks terminated during 1897, 35,391,396 00 312,729 26 1,563,646 30 



In force at end of year, . . $35,142,523 00 $325,966 69 $1,629,833 45 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1897, 75 per cent. 



$39,832 00 



DEDIIAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 22, 1837. Commenced business July 1, 1837.] 
GEO. B. FAUNCE, President. ELIJAH HOWE, Jr., Secretary. 



Amount of permanent fund, 



,765 77 



Detailed Statement of Stocks, Bonds, etc. 



Dedham National Bank stock, . 

Dedham Water Co. stock, . 

Atch., Topeka & Santa Fe R.R. stock, 

Atch., Topeka & Santa Fe R'y stock, 

Boston city bonds, 

Cincinnati city bonds, 

Salem water bonds, . 

Washington County (111.) bonds, 

N. H. Trust Co bonds, 

Western Security Co. bonds, . 

Lombard Investment Co. bonds, 

New England Mortgage Security Co. bonds, 

Boston & Lowell R R. bonds, . 

Kan. City, St Jos & Council Bluffs R.R. bonds 

Atch., Topeka & Santa Fe R.R. bonds, . 

Philadelphia & Reading R.R. bonds, 

Union Pacific Railway bonds, . 

St. Johnsbury & Lake Champlain R.R. bonds, 

New York, New Haven & Hartford R.R bonds, 



Par Value. 

$1,200 00 
2,500 00 
5,000 00 
7,300 00 
2,000 00 
6,000 00 
3,000 00 
5,000 00 
4,250 00 
6,000 00 
2,590 00 
8,000 00 

10,000 00 
2,000 00 

12,000 00 
5,000 00 

16,000 00 
6,000 00 
5,000 00 



Market Value. 

$1,200 00 
2,500 00 
650 00 
2,044 00 
2,240 00 
6,840 00 
3,150 00 
5,000 00 
3,000 00 
3,600 00 
1,340 00 
7,600 00 

10,700 00 
2,360 00 
9,320 00 
6,350 00 

16,720 00 
7,147 50 
5,450 00 



$108,840 00 $97,211 50 



DEDHAM MUTUAL FIRE INSURANCE CO. 



25 



Summary of Assets Dec. 81, 1897. 



st liens*), 



Loans on mortgage of real estate (fir 
Interest due or accrued thereon, 
Stocks, bonds, etc , as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Profits or surplus on terminated policies, unpaid, 
Commissions and brokerage, .... 
Gross liabilities, 

Net cash assets, . . . . 



Income. 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 

Total, ...... 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest received on mortgages, 

Interest and dividends received from all other 



$35,400 00 

1,195 51 

97,211 50 

44 54 

4,469 59 

1,189 00 

4,377 23 



$500 00 

45,731 19 

171 52 

2,626 58 

656 58 



$2,554 30 
34,019 78 

$36,574 08 
4,377 23 

$32,196 85 
437 73 



sources, 



Gross cash income, 



Expenditures. 

Cash paid for losses, 

Deduct salvage and reinsurance, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for rents, ...... 

for incidentals, .... 

Gross cash expenditures, .... 



$12,129 33 
255 54 



$143,887 37 



49,685 87 



,201 50 



$31,759 12 

1,877 50 

4,254 59 

$37,891 21 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 




$11,873 79 

11,842 79 

4,654 55 

4,602 24 

348 43 

270 00 

756 23 

$34,348 03 



26 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1896, $5,203,059 00 
Risks written during 1897, . 2,153,235 00 



Cash Prem's. Conting't Prem's. 

,386 68 $82,386 68 
34,019 78 34,019 78 



Total, .... $7,356,294 00 $116,406 46 $116,406 46 
Risks terminated during 1897, 1,762,472 00 27,688 83 27,688 83 



In force at end of year, . 



$5,593,822 00 $88,717 63 



,717 63 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 25, 50 and 70 per cent. 



$10,629 00 



DORCHESTER MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated February, 1855. Commenced business July, 1855.] 
THOMAS F. TEMPLE, President. W. D. CURTIS, Secretary. 

Office^ Neponset. 
Amount of permanent fund, $200,000 00 



Detailed Statement of Stocks, 



Detroit, Lansing & Northern Railroad bonds, 

Fitchburg Railroad bonds, 

Chicago, Burlington & Quincy Railroad bonds 

56 shares Blue Hill National Bank, 

50 ' 

20 ' 

20 ' 

12 ■ 

10 ' 

30 ' 

33 ' 

10 ' 
5 ' 

10 ' 
304 ' 
273 

75 ' 

56 ' 
123 
300 ' 



Boston National Bank, . 
Howard National Bank, . 
Continental National Bank, 
Hide and Leather National Bank, 
New England National Bank, 
Columbian National Bank, 
State National Bank, 
Mt. Wollaston National Bank, 
Granite National Bank, . 
Weymouth National Bank, 
Boston & Albany Railroad, 
Old Colony Railroad, 
Boston & Maine Railroad, 
Boston & Lowell Railroad, 
Boston Lead MTg Co., . 
International Trust Co., . 



Bonds, etc. 

Par Value. 

$7,000 00 

22,000 00 

10,000 00 

5,600 00 

5,000 00 

2,000 00 

2,000 00 

1,200 00 

1,000 00 

3,000 00 

3,300 00 

1,000 00 

500 00 

1,000 00 

30,400 00 

27,300 00 

7,500 00 

5,600 00 

12,300 00 

30,000 00 



Market Value. 

$6,700 00 

23,320 00 

9,900 00 

5,880 00 

4,500 00 

1,720 00 

2,040 00 

1,260 00 

1,460 00 

2,460 00 

3,630 00 

1,400 00 

650 00 

1,200 00 

66,880 00 

51,051 00 

12,600 00 

12,208 00 

18,450 00 

60,000 00 



$177,700 00 $287,309 00 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



27 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . f 22,000 00 

Loans on mortgage of real estate (first liens*), 21,588 13 

Interest due or accrued thereon, , . . 758 33 

Stocks, bonds, etc., as per schedule, . . 287,309 00 

Cash deposited in bank, .... . t 8,320 49 

Interest due and accrued, 750 00 

Premiums in course of collection (gross), . 15,277 57 

Rents due and accrued, . . . . . 120 00 
Prem's more than three mos. due, . $2,300 75 

Gross assets, ■ 



$356,123 52 



Liabilities. 

Losses adjusted, unpaid, . . 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Due for borrowed money, 
Commissions and brokerage, . 
Gross liabilities, 



Net cash assets, . 



Income 



Premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 

Gross cash income, . 



$4,678 55 
245,192 31 

2,850 00 
15,000 00 

2,292 82 



$16,065 84 
1,500 00 

|14,565 84 
151,149 38 

$165,715 22 
17,578 32 

$148,136 90 
3,828 01 



other sources, 



270,013 68 



,109 84 



$144,308 89 

1,367 97 

975 00 

11,568 49 

1,097 00 

$159,317 35 



Expenditures. 
Cash paid for losses, . 
Deduct salvage and reinsurance, 
Net cash paid for losses, 



,768 95 
39 46 



,729 49 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$17,000 00 
20,400 00 
19,000 00 



28 



ESSEX MUTUAL FIRE INSURANCE CO. 



Cash paid as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for rents and incidentals, 
for interest on borrowed money, 

Gross cash expenditures, .... 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1896, $32,814,753 00 
Risks written during 1897, . 9,578,957 00 



Total, .... $42,393,710 00 

Risks terminated during 1897, 10,601,235 00 



Cash Prem's. 

$513,525 91 
151,149 38 

$664,675 29 
168,064 81 



$65,837 99 

23,440 59 

8,912 27 

2,423 72 

3,301 07 

927 92 

$165,573 05 



Conting't Prem's. 

$513,525 91 
151,149 38 

$664,675 29 
168,064 81 



In force at end of year, 



. $31,792,475 00 

Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 20, 40 and 60 per cent. 



$496,610 48 $496,610 48 



11,348 00 



ESSEX MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated 1829. Commenced business 1829.] 
HENRY M. MEEK, President. CHARLES H. ODELL, Secretary. 

Amount of permanent fund, . $51,152 23 



Detailed Statement of Stocks, 



Oregon Improvement Co. bonds, 
American Investment Co. bonds, 
Cleveland & Canton R'y Co. bonds, 
City of Missoula (Mont.) bonds, 
Duluth Transfer Co. bonds, 
19 shares Asiatic National Bank, 
14 " Salem National Bank, 
41 " Mercantile National Bank, 
16 " Lynn Gas and Electric Co., 
30 " Union Stock Yards Co., . 



Bonds, etc. 

Par Value. 

$5,000 00 
1,500 00 
5,000 00 
4,000 00 
3,000 00 
570 00 
1,400 00 
4,100 00 
1,600 00 
3,000 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $21,000 00 
Loans on mortgage of real estate (first liens*), 3,000 00 

Interest due or accrued thereon, . . . 177 00 



Market Value. 

$5,125 00 

600 00 

750 00 

4,480 00 

3,000 00 

570 00 

1,400 00 

4,305 00 

3,200 00 

3,750 00 



$29,170 00 $27,180 00 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$700 00 
2,800 00 
2,500 00 



ESSEX MUTUAL FIRE INSURANCE CO. 



29 



Stocks, bonds, etc., as per schedule, . . $27,180 00 

Cash in the office of the company, . . . 622 88 

Cash deposited in bank, 1,687 37 

Interest due and accrued, 150 40 

Premiums in course of collection (gross), . 3,038 62 

Rents due and accrued, 300 00 

Prem's more than three mos. due, . $163 00 

Gross assets, ...... 

Liabilities. 

Losses adjusted, unpaid, $1,425 00 

Losses disputed or resisted, .... 2,765 00 

Unearned premiums on outstanding risks, . 23,822 52 

Return premiums on cancelled policies, . . 218 44 

Profits or surplus on terminated policies, unpaid, 1,227 07 

Due for borrowed money, .... 8,000 00 

State and local taxes, 37 15 

Commissions and brokerage, .... 486 23 
Gross liabilities, 



Net cash assets, 



Income. 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . . . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, . 

Incidentals, 



Gross cash income, 



Expenditures 
Cash paid for losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for losses, .... 
Cash paid as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers, 
for State and local taxes, 

for rents, 

for incidentals, .... 



Gross cash expenditures, 



$4,547 01 
24,985 33 

$29,532 34 
3,201 62 

$26,330 72 
2,094 44 



sources, 



$19,890 72 
4,023 46 



$60,156 27 



37,981 41 

$22,174 86 



$24,236 


28 


38 


10 


90 00 


1,217 


75 


511 


43 


245 


72 


$26,339 


28 



$15,867 26 
4,445 97 
4,153 82 
3,380 00 
663 86 
200 01 
1,345 82 

,056 74 



30 FALL EIVER MANUFACTURERS' MUTUAL INSURANCE CO. 



Risks and Premiums. 

Amount. 

Risks outstanding Dec 31,1896, $2,032,953 00 
Risks written during 1897, . 1,462,019 00 



Total, .... $3,494,972 00 
Risks terminated during 1897, 1,289,100 00 



In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



^2,205,872 00 
3,383 00 



Cash Prem's. Conting't Prem's. 

$36,814 97 $36,814 97 
21,985 33 24,985 33 



$61*800 30 
20,370 60 

$41,429 70 
54 51 



!,202,489 00 $41,375 19 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 20, 40 and 60 per cent. 



$61,800 30 
20,370 60 

$41,429 70 
54 51 

$41,375 19 
$9,932 00 



FALL RIVER MANUFACTURERS' MUTUAL INSURANCE 
COMPANY, FALL RIVER. 

[Incorporated Feb. 11, 1870. Commenced business May 1, 1870.] 
THOMAS J. BORDEN, President. CHARLES S. WARING, Secretary. 



Detailed Statement of Stocks, 



Taunton city bonds, . 
Fall River city bonds, 
Boston city bonds, 
Newport (R. I.) city bonds, 
Cleveland (O.) city bonds, 
Boston & Lowell R.R. bonds, . 
Boston & Providence R.R. bonds, 
Concord & Montreal R.R. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Phila., Wilmington & Baltimore R R. bonds, 
Old Colony R R. bonds, .... 
Boston & Maine R R. bonds, 
West End Street Railway bonds, 



Bonds, etc. 

Par Value. 

$15,000 00 
21,000 00 
40,000 00 
20,000 00 
25,000 00 
30,000 00 
20,000 00 
15,000 00 
15,000 00 
20,000 00 
30,000 00 
10,000 00 
15,000 00 



Market Value. 

$16,425 00 
24,540 00 
43,600 00 
21,900 00 
27,500 00 
31,100 00 
21,400 00 
15,975 00 
14,625 00 
21,000 00 
33,000 00 
10,800 00 
15,525 00 



$276,000 00 $297,390 00 



Summary of Assets Dec. 31, 1897. 



Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



$297,390 00 

540 85 

46,006 73 

3,892 14 

1,818 99 



$349,648 71 



FALL RIVER MANUFACTURERS* MUTUAL INSURANCE CO. 31 



Liabilities. 

Unpaid losses, $120 00 

Unearned premiums on outstanding risks, . 153,547 29 

State and local taxes, . . . . . 549 76 

Gross liabilities, . . . . . 

Net cash assets, 



$151,217 05 



$195,431 66 



Income. 

Premiums outstanding Dec. 31, 1896, 

Same not collected, ...... 


$1,565 13 
31 50 




Net collected, 

Premiums on risks written or renewed, . 


$1,533 63 
319,365 25 




Total, . . . 

Premiums now in course of collection, . 


$320,898 88 
1,818 99 




Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash premiums received, .... 
Interest and dividends received from all sources 


$319,079 89 
10,712 75 


$308,367 14 
12,500 88 


, • . • 


Gross cash income, ..... 


$320,868 02 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for rents, .... 
for inspections, 
for incidentals, 

Gross cash expenditures, . 



$14,043 89 

266,220 72 

11,232 00 

3,076 10 

504 00 

4,715 00 

1,085 91 

$300,877 62 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's, 

Risks outstanding Dec. 31,1896, $36,278,957 00 $308,470 01 $1,542,350 05 

Risks written during 1897, . 38,319,109 00 319,365 25 1,596,826 25 



Total, ..... $74,598,066 00 $627,835 26 $3,139,176 30 
Risks terminated during 1897, . 37,843,900 00 320,740 68 1,603,703 40 



In force at end of year, . . $36,754,166 00 $307,094 58 $1,535,472 90 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 85 t 8 q 8 o V qv cent. 



$13,961 00 



32 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



FITCH BURG MUTUAL FIRE INSURANCE COMPANY, 

FITCHBURG. 

[Incorporated March 23, 1847. Commenced business Sept. 1, 1847.] 
AMASA NORCROSS, President. LINCOLN R. WELCH, Secretary. 



Amount of permanent fund, 



$106,226 50 



Detailed Statement of Stocks, Bonds, etc. 



Cheshire R.R. bonds, 

Fitchburg and Leominster St. R'y bonds, 

Investment Trust Co. of America, . 

Minnesota Thresher Manufacturing Co., 

City of Fitchburg water bonds, 

10 shares Fitchburg National Bank, 

20 " Rollstone National Bank, . 

10 " Fitchburg R.R., 

15 " Springfield Safe Dep. & Trust Co., 



Par Value. 

f5,000 00 
5,000 00 
7,500 00 

24,000 00 
5,000 00 
1,000 00 
2,000 00 
1,000 00 
1,500 00 



Market Value. 

$5,000 00 
5,300 00 
7,500 00 

24,000 00 
5,000 00 
1,420 00 
2,800 00 
1,000 00 
2,100 00 



Securities held as collateral for cash loans : — 

40 shares Simonds Manufacturing Co., 
40 " Simonds Manufacturing Co., 
50 " Garfield & Proctor Coal Co., . 



$52,000 00 $54,120 00 



Market Value. Loaned Thereon. 



$6,000 00 
6,000 00 
6,250 00 



$3,200 00 
3,000 00 
4,500 00 



$18,250 00 $10,700 00 



Summary of Assets Dec. 


31, 1897. 


Cash value of unencumbered real estate, 


$80,000 00 


Loans on mortgage of real estate (first liens*), 


33,649 00 


Interest due or accrued thereon, 


700 39 


Stocks, bonds, etc., as per schedule, . 


54,120 00 


Loans on collateral security, as per schedule, . 


10,700 00 


All other cash loans, 


3,700 00 


Cash in the office of the company, 


1,240 43 


Cash deposited in bank, . . . .',';. 


17,864 44 


Interest due and accrued, ...... 


1,631 46 


Premiums in course of collection (gross), 


8,952 78 


Rents due and accrued, 


171 32 


Gross assets, ...... 


$212,729 82 










Amount of insurance held as collateral, . 


39,740 00 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



33 



Liabilities. 

Losses adjusted, unpaid, $4,137 04 

Losses claimed and reported, .... 1 ,003 00 

Unearned premiums on outstanding risks, . 128,725 18 

Profits or surplus on terminated policies, unpaid, 2,267 07 

Due for borrowed money, .... 20,000 00 

Commissions and brokerage, .... 1,342 91 

Gross liabilities, 

Net cash assets, ......... 



$157,475 20 
$55,254 62 



Income. 

Premiums outstanding Dec. 31, 1896, . . $16,311 16 
Premiums on risks written or renewed, . . 114,663 71 

Total, $130,974 87 

Premiums now in course of collection, . . 8,952 78 

Entire premiums collected, .... $122,022 09 
Less reinsurance and return premiums, . . 561 87 

Net cash premiums received, .... 

Received for extra premiums, 

Interest received on mortgages, .... 
Interest and dividends received from all other sources, 
Income from rents, 



Gross cash income, 



$121,460 22 

804 80 

2,723 44 

2,333 50 

3,205 11 

$130,527 07 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for expenses on real estate, 

for incidentals, 

Gross cash expenditures, .... 



$52,308 02 
26,008 95 
17,354 94 
6,806 11 
2,446 94 
2,541 38 
7,655 01 

$115,121 35 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1896, $20,292,880 00 $305,183 79 
Risks written during 1897, . 7,823,698 00 114,663 71 

Total,. 
Risks terminated during 1897, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$28,116,578 00 $419,847 50 
9,534,944 00 149,897 43 



$18,581,634 00 $269,950 07 
32,562 00 561 87 



Conting't Prem's. 

$305,183 79 
114,663 71 

$419,847 50 
149,897 43 

$269,950 07 
561 87 



$18,549,072 00 $269,388 20 $269,388 20 



34 



GROVEL AND MUTUAL FIRE INSURANCE CO. 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 10 and 20 per cent. 



$49,557 00 



GROVELAND MUTUAL FIRE INSURANCE COMPANY, 

GROVELAND. 

[Incorporated March 28, 1828. Commenced business March 28, 1828.] 

MOSEB FOSTER, President. NATHANIEL H. GRIFFITH, Secretary. 

[Note. — This company charges no cash premiums, but relies upon assessments on deposit 
notes to pay losses and expenses.] 

Summary of Assets Dec. 31, 1897. 
Cash in the office of the company, . . . $ 36 87 

Cash deposited in bank, 17 13 

Gross assets, — $54 00 



Income. 



Interest on deposits, . 
Income from policy fees, . 
Assessments on deposit notes, . 

Gross cash income, 



$ 10 50 
210 50 
106 84 



$327 84 



Expenditures. 

Cash paid for losses, 

for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, .... 

Gross cash expenditures, . . . 



$382 11 


481 58 


84 


40 00 


9 00 



$913 53 



Risks and Premiums. 



Risks outstanding Dec. 31, 1896, 
Risks -written during 1897, 

Total,. . 
Risks terminated during 1897, . 

In force at end of year, .... 

Miscellaneous 
Losses incurred during the year, 



Amount. Conting't Prem's. 

,707,725 00 $122,408 44 
346,758 00 23,815 37 



1,054,483 00 $146,223 81 
327,930 00 22,314 89 



.,726,553 00 $123,908 92 



$82 00 



HAMPSHIRE MUTUAL FIRE INSURANCE CO. 



35 



HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY, 
NORTHAMPTON. 

[Incorporated March 6, 1830. Commenced business July 1, 1832.] 
CHARLES N. CLARK, President. OLIVER WALKER, Secretary. 



Amount of permanent fund, 



$27,523 66 



Detailed Statement of Stocks, Bonds, etc. 



63 shares Conn. River R.R., 
20 " Northampton National Bank, . 
25 " Chicago, Burl. & QuincyR.R., . 
Chicago, Burlington & Quincy R.R. bonds, 
Conn. River R.R. scrip dividend, 



Securities held as collateral for cash loans : 
14 shares Brooklyn Loan and Trust Co., . 



Par Value. 


Market Value. 


$6,300 00 


$16,254 00 


2,000 00 


2,800 00 


2,500 00 


2,500 00 


400 00 


440 00 


1,000 00 


1,000 00 


$12,200 00 


$22,994 00 



Market Value. Loaned Thereon. 

$3,360 00 $ 1,500 00 



Summary of Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens*), $16,800 00 

Interest due or accrued thereon, . . . 319 59 

Stocks, bonds, etc., as per schedule, . . 22,994 00 

Loans on collateral security, as per schedule, . 1,500 00 

Cash in the office of the company, . . . 174 30 

Cash deposited in bank, . ... . . 4,888 27 

Interest due and accrued, 437 19 

Premiums in course of collection (gross), . 271 89 

Gross assets, 



$47,385 24 



Liabilities. 

Unearned premiums on outstanding risks, . $27,635 20 
Profits or surplus on terminated policies, unpaid, 31103 

State and local taxes, 30 89 

Commissions and brokerage, .... 38 60 

Gross liabilities, 28,015 72 

Net cash assets, . . $19,369 52 

* Value of lands mortgaged, $10,200 00 

Value of buildings thereon, 27,800 00 

Amount of insurance held as collateral, .... 22,800 00 



36 



HINGHAM MUTUAL FIRE INSURANCE CO. 



Income. 
Premiums on risks written or renewed, 
Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Gross cash income, .... 

Expenditures. 
Cash paid for losses, . 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers, 
for State and local taxes, 
for rents, . . . . 
for incidentals, 

Gross cash expenditures, . 



$16,280 93 
271 89 

$16,009 04 
' 450 62 



sources, 



|15,558 


42 


90 


04 


842 


29 


948 


64 


$17,439 39 


$5,027 


22 


7,381 


19 


1,780 


69 


1,468 


00 


159 


85 


150 


00 


306 


99 



,273 94 



Risks outstanding Dec. 31, 1896, 
Risks written during 1897, 



Risks and Premiums. 

Amount. 

3,942,120 00 
1,116,895 00 



Total, . . . 
Risks terminated during 1897, 

In force at end of year, . 



$5,059,015 00 
1,198,030 00 



Cash Prem's. 

$55,553 57 
16,280 93 

|71,834 50 
17,169 92 



Conting't Prem's. 

$55,553 57 
16,280 93 

|71,834 50 
17,169 92 



$3,860,985 00 $54,664 58 $54,664 58 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 20, 40 and 50 per cent. 



1,027 00 



HINGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM. 

[Incorporated March 4, 1826. Commenced business Sept. 1, 1826.] 
WM. FEARING, 2d, President. HENRY W. CUSHING, Secretary. 

Amount of permanent fund, $193,042 98 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value . 

30 shares Hingham National Bank, Hingham, $3,000 00 $3,060 00 

60 " Old Colony Nat'l Bank, Plymouth, 6,000 00 7,500 00 

8 " Abington Nat'l Bank, Abington, . 800 00 840 00 



HINGHAM MUTUAL FIRE INSURANCE CO. 



37 



10 shares Globe National Bank, Boston, 
19 " Hamilton National Bank, Boston, 

29 " Eagle National Bank, Boston, 
12 " Union National Bank, Boston, 
34 " State National Bank, Boston, . 

26 " North America Nat'l Bank, Boston, 

11 " Commerce National Bank, Boston, 

30 " Webster National Bank, Boston, 
50 " Hingham Water Company, 

92 " Old Colony Railroad, 
109 " Boston & Albany Railroad, 

27 " Chicago, Burlington & Quincy R.R. 
Eastern Railroad bonds, .... 
Union Pacific Railroad bonds, . 

Chicago, Burlington & Quincy Railroad bonds 
Hingham Water Company bonds, . 
Fitchburg Railroad bonds, 



Securities held as collateral for cash loans : — 



Helena Consolidated Water Company bonds, 

60 shares Maine Central R.R., 
200 " Cent. Mass. R.R., . . . 

50 " Hereford Railway Co., . 
250 " Metropolitan Steamship Co., . 
Little Rock & Fort Smith Railroad bonds, 
Union Pacific, Denver & Gulf R.R. bonds, 
Kansas Pacific R.R bonds, 
100 shares Upper Coos R.R., . 

40 " Boston & Maine R.R., . 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross) , 
Prem's more than three mos. due, . f 86 41 
Gross assets, 



} 



Par Value. 

$1,000 00 

1,900 00 
2,900 00 
1,200 00 
3,400 00 
2,600 00 
1,100 00 
3,000 00 
5,000 00 
9,200 00 
10,900 00 
2,700 00 
5,000 00 
5,000 00 
5,600 00 
10,000 00 
15,000 00 



Market Value. 

$872 50 

1,961 75 

2,175 00 

1,563 00 

3,740 00 

2,340 00 

1,163 25 

3,045 00 

6,000 00 

17,296 00 

24,198 00 

2,700 00 

5,950 00 

5,650 00 

6,423 00 

10,300 00 

15,975 00 



$95,300 00 $122,752 50 

Market Value. Loaned Thereon. 

),000 00 $ 15,923 11 



23,600 00 20,000 00 

87,500 00 25,000 00 

16,087 50 12,000 00 

19,220 00 15,000 00 



$166,407 50 f87,923 11 

31, 1897. 

$15,720 97 

112,700 00 

1,962 02 

122,752 50 

87,923 11 

1,059 09 

22,070 14 

2,371 61 

39 19 

$366,598 63 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$58,500 00 
145,950 00 
124,800 00 



38 



HINGHAM MUTUAL FIRE INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Commissions and brokerage, . 
Gross liabilities, . 



Net cash assets, 



$400 00 

5 00 

223,760 93 

2,942 38 

18 84 



Income. 
Premiums outstanding Dec. 31, 1896, . . , $679 86 

Same not collected, 86 41 

Net collected, $593 45 

Premiums on risks written or renewed, . . 116,965 73 

Total, $117,559 18 

Premiums now in course of collection, . . 125 60 

Entire premiums collected, .... $117,433 58 
Less reinsurance and return premiums, . . 3,968 76 

Net cash premiums received, .... 

Received for extra premiums, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 

Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1896, $28,515,418 00 
Risks written during 1897, . 7,725,650 00 



Cash Prem's. 

$417,021 62 
116,965 73 

$533,987 35 
114,531 93 



5,431,050 00 $419,455 42 

Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 40 and 60 per cent. 



Total, . - . . . $36,241,068 00 

Risks terminated during 1897, 7,810,018 00 

In force at end of year, . 



$227,127 15 
$139,471 48 



$113,464 82 
2,047 35 
5,991 40 
9,455 59 

$130,959 16 



$27,711 48 

69,307 48 

16,703 88 

6,351 75 

1,226 36 

1,101 22 

$122,402 17 



Conting't Prem's. 

$417,021 62 
116,965 73 

$533,987 35 
114,531 93 

$419,455 42 



$28,049 00 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



39 



HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated March 14, 1843. Commenced business May 23, 1843.] 

CHARLES H. PRICE, President. WALTER L. HARRIS, Secretary. 

THOS. H. JOHNSON, Vice-President. 



Guaranty Capital, $100,000. 
Amount of permanent fund, 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. 

Wayne County (Mich.) bonds, . . . $10,000 00 

Marion County (Ind.) bonds, .... 10,000 00 

Washington County (Ind.) bonds, . . . 2,000 00 

Boston (Mass.) city bonds, .... 5,000 00 

Billerica (Mass.) town bonds, .... 2,000 00 

Birmingham (Ala.) city bonds, . . . 5,000 00 

Cincinnati (Ohio) city bonds, .... 16,000 00 

Columbus (Ohio) city bonds, .... 15,000 00 

Cleveland (Ohio) city bonds 8,000 00 

Cambridge (Mass.) city bonds, . . . 5,000 00 

Des Moines (Iowa) city bonds, . . . 3,000 00 

Dayton (Ohio) city bonds, .... 10,000 00 

Evansville (Ind ) city bonds, .... 6,000 00 

Dover (N. H.) city bonds, .... 5,000 00 

Fitchburg (Mass.) city bonds, . . . . 2,000 00 

Indianapolis (Ind.) city bonds, . . . 10,000 00 

Jersey City (N. J.) city bonds, . . . 5,000 00 

Allen County (Ind.) bonds, .... 10,000 00 

Pawtucket (R. I.) city bonds, .... 10,000 00 

Jefferson ville (Ind.) city bonds, . . . 7,000 00 

Lynn (Mass.) city bonds, 12,000 00 

Lawrence (Mass.) city bonds, .... 5,000 00 

Maiden (Mass.) city bonds, . . . . 11,000 00 

New Haven (Conn.) city bonds, . . . 5,000 00 

Orange (N. J.) city bonds, .... 10,000 00 

Salem (Mass.) city bonds, .... 4,000 00 

St. Louis (Mo ) city bonds, .... 5,000 00 

St. Paul (Minn ) city bonds, .... 25,000 00 

Atchison, Topeka and Santa Fe R.R. bonds, . 14,000 00 

Boston & Maine R.R. bonds, .... 10,000 00 

Baltimore & Ohio R.R. bonds, .... 10,000 00 

Burlington & Missouri River R.R. (Neb.) bonds, 10,000 00 

Cincinnati, Hamilton & Dayton R.R. bonds, . 10,000 00 

Chesapeake & Ohio R R. bonds, . . . 10,000 00 

Cleveland, L. & Wheeling R.R. bonds, . . 10,000 00 

Chicago, Burlington & Northern R.R. bonds, . 10,000 00 

Chicago & Alton R.R. bonds, . . . . 5,000 00 

Chicago & Eastern Illinois R.R. bonds, . . 5,000 00 



$494,105 40 



Market Value. 

$10,400 00 

10,950 00 

2,160 00 

5,075 00 

2,020 00 

3,750 00 

18,765 00 

16,500 00 

8,880 00 

5,700 00 

3,090 00 

10,500 00 

6,300 00 

5,125 00 

2,040 00 

10,100 00 

5,850 00 

10,350 00 

10,650 00 

7,000 00 

12,760 00 

5,450 00 

11,410 00 

5,500 00 

11,400 00 

4,040 00 

5,175 00 

28,550 00 

10,910 00 

10,250 00 

10,800 00 

9,700 00 

10,600 00 

11,850 00 

10,400 00 

10,700 00 

5,650 00 

5,100 00 



40 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



Chicago & West Indiana R.R. bonds, 

Central Pacific R.R. bonds, 

Central New Jersey R.R. bonds, 

Boston & Lowell R.R. bonds, . 

Fitchburg R.R. bonds, 

Housatonic R.R. bonds, 

Jackson, Lansing & Saginaw R.R. bonds, 

Kansas City, St. Jo. & C. B. R.R. bonds, . 

Kansas City, Ft. S. & Memphis R R. bonds, 

Lehigh Valley R.R. bonds, 

New Haven & Derby R.R. bonds, . 

Northwestern Union R.R. bonds, 

Maine Central R.R. bonds, 

Norwich & Worcester R.R. bonds, . 

New England R.R. bonds, 

Narragansett Pier R.R. bonds, . 

Old Colony R.R. bonds, .... 

Terre Haute & Southeastern R.R. bonds, 

Union Pacific R.R. bonds, 

Consolidated Vermont R.R. bonds, . 

Boston Building Co., Denver, Col., bonds, 

Col. M. S. Exchange, Denver, Col., bonds, 

Delaware & Hudson Canal Co. bonds, 

Keokuk Water Co. bonds, 

Western Union Telegraph Co. bonds, 

31 shares Old Colony R.R., . ... 

50 " Portland, Portsmouth & Saco R.R. 

55 " N. Y., New Haven & Hart. R.R., 
100 " Pitts., F. Wayne & Chic. R.R., 

40 " National Exchange Bank, Salem, 
10 " First National Bank, Salem, . 

10 " Merchants' National Bank, Salem, 
35 " Mercantile National Bank, Salem, 

41 " Naumkeag National Bank, Salem, 
140 " Salem National Bank, Salem, 

30 " Atlantic National Bank, Boston, 

10 " Blackstone National Bank, Boston, 

31 " Continental National Bank, Boston, 
50 " Freeman's National Bank, Boston, 
30 " Globe National Bank, Boston, 

100 " Merchants' National Bank, Boston, 
50 " Republic National Bank, Boston, . 
30 " Revere National Bank, Boston, 

100 " Second National Bank, Boston, 
40 " Shoe & Leather Nat'l Bank, Boston, 
10 " Beverly National Bank, Beverly, . 
20 " So. Danvers Nat'l Bank, Peabody, . 
12 " First National Bank, Newburyport, 



Par Value. 

$8,000 00 
3,000 00 
7,000 00 
1,000 00 

10,000 00 

10,000 00 
6,000 00 
5,000 00 
8,000 00 
5,000 00 

20,000 00 
8,000 00 
4,000 00 
5,000 00 

25,000 00 

10,000 00 

15,000 00 
5,000 00 

28,000 00 
2,000 00 

10,000 00 

10,000 00 
5,000 00 

10,000 00 
5,000 00 
3,100 00 
5,000 00 
5,500 00 

10,000 00 
4,000 00 
1,000 00 
500 00 
3,500 00 
4,100 00 

14,000 00 
3,000 00 
1,000 00 
3,100 00 
5,000 00 
3,000 00 

10,000 00 
5,000 00 
3,000 00 

10,000 00 
4,000 00 
1,000 00 
2,000 00 
1,200 00 



Market Value. 

$9,600 00 

3,060 00 

7,910 00 

1,030 00 

10,500 00 

12,300 00 

6,120 00 

6,025 00 

8,160 00 

6,100 00 

22,400 00 

11,520 00 

4,300 00 

5,400 00 

31,625 00 

10,550 00 

16,200 00 

5,000 00 

28,950 00 

1,350 00 

10,200 00 

10,000 00 

7,200 00 

10,200 00 

5,550 00 

5,797 00 

7,400 00 

10,120 00 

16,850 00 

3,600 00 

900 00 

660 00 

3,570 00 

5,289 00 

13,580 00 

3,180 00 

850 00 

2,325 00 

4,250 00 

2,610 00 

15,700 00 

7,100 00 

2,400 00 

17,600 00 

3,760 00 

1,425 00 

2,400 00 

1,536 00 



$644,000 00 $719,602 00 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



41 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . . 
Interest due and accrued, . k . 
Premiums in course of collection (gross), 
Rents due and accrued, . 

Gross assets, 



,518 00 

74,300 00 

2,032 33 

719,602 00 

3,954 53 

3,680 72 

9,397 98 

2,627 71 

15 00 



$884,128 27 



Liabilities. 

Losses adjusted, unpaid, .... 

Losses claimed and reported, . 

Losses disputed or resisted, 

Unearned premiums on outstanding risks, 

Return premiums on cancelled policies, . 

Profits or surplus on terminated policies, unpaid 

Commissions and brokerage, .... 



$760 84 

1,045 00 

185 00 

301,936 41 

446 39 

2,657 75 

492 26 



Gross liabilities, except guaranty capital, $307,523 65 
Guaranty capital, ...... 100,000 00 

Total . - . . 407,523 65 



Net cash assets, . 



$476,604 62 



Income. 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, . . . 

Gross cash income, .... 



$891 48 
160,433 73 

$161,325 21 
2,627 71 

$158,697 50 
7,578 97 



sources, 



$151,118 53 

1,704 55 

5,316 25 

31,164 97 

2,759 04 

$192,063 34 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$50,500 00 

111,000 00 

74,950 00 



42 



HOME GUARANTY MUTUAL FIRE INSURANCE CO. 



Expenditures. 
Cash paid for losses, . .... 

as profits on terminated policies, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for dividends to guaranty capital, . 

for incidentals, .... 

Gross cash expenditures, .... 



$56,972 72 

78,319 04 

22,956 38 

15,462 59 

1,321 21 

7,000 00 

5,301 06 

$187,333 00 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1896, f 42,308,862 00 $622,604 51 
Risks written during 1897, . 10,931,068 00 160,433 73 



Total, .... $53,239,930 00 $783,038 24 
Risks terminated during 1897, 11,786,975 00 174,349 54 



In force at end of year, . . $41,452,955 00 
Deduct amount reinsured, . 90,850 00 



,688 70 
821 20 



Conting't Prem's. 

$622,604 51 
160,433 73 

$783,038 24 
174,349 54 

$608,688 70 
821 20 



Net amount in force, . $41,362,105 00 $607,867 50 $607,867 50 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 20, 40 and 60 per cent. 



$56,534 00 



HOME GUARANTY MUTUAL FIRE INSURANCE COMPANY 

OF LOWELL. 

[Incorporated Oct. 3, 1895. Commenced business Jan. 1, 1896.] 
FREDERICK LAWTON, President. WILLIS P. BURBANK, Secretary. 

Guaranty capital, $50,000 00 



Summary of Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens*), $45,455 50 

Interest due or accrued thereon, . . .. 527 04 

Cash in the office of the company, . . . 335 85 

Cash deposited in bank, 6,700 00 

Interest accrued, 235 00 

Premiums in course of collection (gross), . 7,260 30 

Gross assets, 



,513 69 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$49,400 00 
50,000 00 
46,950 00 



HOME GUARANTY MUTUAL FIRE INSURANCE CO. 



43 



Liabilities. 
Losses adjusted, unpaid, . 
Losses disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except guaranty capital, 
Guaranty capital, ..... 
Total, 

Balance against company, . 

Income. 

Premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Gross cash income, . 



$333 34 

125 00 

13,962 94 

1,089 45 

|15,510 73 
' 50,000 00 



Expenditures. 

Cash paid for losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, . 

for dividend on guaranty capital, 

Gross cash expenditures, . 



$6,159 44 

177 30 

""$5,982 14 

24,932 53 

$30^914 67 

7,260 30 

|23,654 37 

287 83 



sources, 



Risks outstanding Dec. 31, 1896, 
Risks written during 1897, 



Risks and Premiums. 

Amount. 

1,047,971 00 
1,784,086 00 



Total, . . . . 
Risks terminated during 1897, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



12,832,057 00 
827,797 00 

$2,004,260 00 
6,900 00 



Cash Prem's. 

$13,820 31 
24,932 53 

$38,752 84 
14,353 99 

$24,398 85 
95 68 



$65,510 73 
~~$4~997 04 



$23,366 54 

1,703 11 

808 22 

$25,877 87 



$15,487 92 

4,031 66 

2,072 00 

763 00 

2,721 68 

2,500 00 

$27,576 26 



Conting't Prem's. 

$13,820 31 
24,932 53 



,752 84 

14,353 99 

$24,398 85 

95 68 



$1,997,360 00 $24,303 17 $24,303 17 



Miscellaneous. 
Losses incurred during the year, 



$15,946 00 



44 



INDUSTRIAL MUTUAL INSURANCE CO. 



INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 17, 1890. Commenced business June 1, 1890.] 
B. F. TAFT, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 



Detailed Statement of 



N. Y., N. H. & Hart. R.R. bonds, 
Watertown city bonds, 
Taunton city bonds, . 
West End Street R.R. bonds, 
Fitchburg R.R. bonds, 
Lynn & Boston R.R. bonds, 
Maine Central R.R. bonds, 
Conn. River R.R. bonds, . 
Cheshire R R. bonds, 
United States Rubber Co. stock, 
Corporation notes, . 



Stocks, Bonds, etc. 

Par Value. 

$ 2,000 00 

3,000 00 

5,000 00 

35,000 00 

20,000 00 

5,000 00 

15,000 00 

5,000 00 

500 00 

10,000 00 

72,500 00 



Market Value. 

$2,190 00 

3,135 00 

5,425 00 

37,350 00 

21,100 00 

5,000 00 

15,550 00 

5,000 00 

505 00 

6,500 00 

63,500 00 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 

Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
State and local taxes, 

Gross liabilities, 



$173,000 00 $165,255 00 

31, 1897. 

$165,255 00 

984 33 

17,019 59 

2,217 87 

1,592 55 

600 00 

$187,669 34 



$13,000 61 

86,853 74 

369 37 



Net cash assets, 



100,223 72 



,445 62 



Income. 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 



$1,755 02 
194,031 87 



Total $195,786 89 

Premiums now in course of collection, . . 1,592 55 

Entire premiums collected, .... 

Interest and dividends received from all sources, . . . 

Gross cash income, . . 



$194,194 34 
5,313 11 

$199,507 45 



LOWELL MUTUAL FIRE INSURANCE CO. 



45 



Expenditures. 

Cash paid for losses, ...... 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for joint office expenses, . 

for inspections, 

for incidentals, . 

Gross cash expenditures, . 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1896, $18,418,791 00 $163,414 95 
Risks written during 1897, . 22,012,595 00 194,031 87 



Total, $40,431,386 00 $357,446 82 

Risks terminated during 1897, . 19,879,789 00 183,739 35 



$13,697 35 

131,379 80 

5,545 54 

2,410 46 

8,894 39 

3,862 36 

491 76 

$166,281 66 



Conting't Prem's. 

$817,074 75 
970,159 35 

$1,787,234 10 
918,696 75 



In force at end of year, 



. |20,551,597 00 $173,707 47 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1897, 75 per cent. 



,537 35 



$26,591 00 



LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL. 

[Incorporated March 8, 1832. Commenced business April, 1832.] 
JAMES C. ABBOTT, President. JOSEPH PEABODY, Secretary. 



Amount of permanent fund Dec. 31, 1896, 
Increase during the year, .... 



Permanent fund Dec. 31, 1897, 



Detailed Statement of Stocks, 



Boston & Lowell R.R. bonds, ... 
Fitchburg R.R. bonds, 
Consolidated R.R. of Vermont bonds, 
Boston city bond, .... 
Maine Central R.R. bonds, 
30 shares Lowell Bleachery, 

2 
10 

2 

10 
50 

5 



Pacific Mills, . 
Lawrence Manufacturing Co., 
Hamilton Manufacturing Co., 
Lowell Manufacturing Co., 
Massachusetts Cotton Mills, 
Appleton Co., . 



Bonds, etc. 

Par Value. 

$12,000 00 
10,000 00 
1,000 00 
2,000 00 
6,000 00 
3,000 00 
2,000 00 
1,000 00 
2,000 00 
6,900 00 
5,000 00 
5,000 00 



$83,643 62 
2,481 70 

,125 32 



Market Value. 

$12,555 00 
10,305 00 
625 00 
2,270 00 
6,240 00 
3,184 00 
4,205 00 
1,065 00 
1,400 00 
5,275 00 
4,737 00 
1,500 00 



46 



LOWELL MUTUAL FIRE INSURANCE CO. 



12 shares Merrimack Manufacturing Co. 



50 
30 
6 
30 
20 
20 
65 



Franklin Manufacturing Co., 
Hill Manufacturing Co., . 
Vermont & Massachusetts R.R 
Boston & Maine R.R., 
Boston & Lowell. R.R. , 
First National Bank, Lowell, 
Lowell & Andover R.R., . 



Par Value. 

$12,000 00 

5,000 00 

3,000 00 

600 00 

3,000 00 

• 2,000 00 
2,000 00 
6,500 00 



Market Value. 

$12,210 00 
5,050 00 
1,875 00 
938 00 
5,025 00 
4,400 00 
3,000 00 
13,325 00 



$90,000 00 $99,184 00 



Summary of Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens*), $11,750 00 

Interest due or accrued thereon, . . . 204 04 

Stocks, bonds, etc., as per schedule, . . 99,184 O0 

Cash in the office of the company, . . . 807 69 

Cash deposited in bank, . . . . 17,451 89 

Interest due and accrued, 1,776 21 

Premiums in course of collection (gross), . 4,990 24 

Gross assets, $136,164 07 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Commissions and brokerage, . 

Gross liabilities, .... 



Net cash assets, 



$75 39 

58,300 23 

1,213 65 

669 66 



60,258 93 
$75,905 14 



Income. 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 

Total,. . 
Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from agency department, . 

Gross cash income, 



$3,285 98 
42,874 30 



$46,160 28 
4,990 24 

$41,170 04 
1,386 32 



sources, 



$39,783 72 

266 18 

470 00 

3,752 00 

1,860 50 

,132 40 



* Value of lands mortgaged, . . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$12,500 00 
16,000 00 
13,000 00 



LUMBER MUTUAL FIRE INSURANCE CO. 47 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, 



,522 25 

12,366 52 

5,021 40 

4,692 26 

517 63 

500 00 

1,476 17 



Gross cash expenditures, .... . . . $41,096 23 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dee. 31, 1896, $5,882,429 00 $98,713 04 $98,713 04 

Risks written during 1897, . 2,674,732 00 42,874 30 42,874 30 



Total, .... $8,557,161 00 $141,587 34 $141,587 34 
Risks terminated during 1897, 1,863,806 00 29,559 19 29,559 19 



In force at end of year, . . $6,693,355 00 $112,028 15 $112,028 15 
Deduct amount reinsured, . 54,150 00 610 18 610 18 



Net amount in force, . $6,639,205 00 $111,417 97 $111,417 97 

Miscellaneous. 

Losses incurred during the year, $13,874 00 

Profits or surplus returned during 1897, 25, 50 and 70 per cent. 



LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 13, 1895. Commenced business March 28, 1895.] 
WM. C. JOHNSON, President. E. J. JOHNSON, Secretary. 

Office, 53 State Street. 

Summary of Assets Dec. 31, 1897. 
Cash in the office of the company, . . . $7 51 

Cash deposited in bank, 25,676 58 

Premiums in course of collection (gross), . 3,298 34 

Prem's more than three mos. due, . $98 48 

Gross assets, ...... $28,982 43 

Liabilities. 
Unearned premiums on outstanding risks, .... 16,724 25 



Net cash assets, $12,258 18 



48 



LUMBER MUTUAL FIRE INSURANCE CO. 



Income. 

Premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest and dividends received from all sources, 

Income from rents, etc., . 



Gross cash income, 



1,913 71 

48 33 



$2,865 38 
38,426 77 

$41,292 15 
3,298 34 

$37,993 81 
5,530 43 



$32,463 38 

666 17 

85 38 

$33,214 93 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for inspections, .... 

Gross cash expenditures, .... 



$13,565 92 

2,949 61 

4,753 89 

411 48 

1,852 94 

2,359 67 

$25,893 51 



Risks and Premiums. 

Amount. Cash Prem's, Conting't Prem's. 

Risks outstanding Dec. 31, 1896, $1,597,367 00 $33,833 87 $101,501 61 

Risks written during 1897, . 1,801,615 00 38,426 77 115,280 31 



Total, .... 
Risks terminated during 1897, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



13,398,982 00 
1,783,251 00 



$72,260 64 $216,781 92 
38,601 61 115,804 83 



,615,731 00 $33,659 03 $100,977 09 
15,650 00 210 54 631 62 



$1,600,081 00 $33,448 49 $100,345 47 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 10 per cent. 



$13,566 00 



LYNN MUTUAL FIRE INSURANCE CO. 



49 



LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN. 

[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1828.] 
RUFUS KIMBALL, President. ISRAEL AUGUSTUS NEWHALL, Secretary. 

Amount of permanent fund, $56,910 38 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

40 shares First National Bank, Lynn, . . $4,000 00 $6,000 00 

20 " National City Bank, Lynn, . . 2,000 00 3,700 00 

5 " Central National Bank, Lynn, . . 500 00 800 00 

10 " Merchants' National Bank, Boston, . 1,000 00 1,580 00 

15 " West Newton National Bank, . . 1,500 00 1,890 00 

Chicago, Milwaukee & St. Paul R.R. bond, . 1,000 00 1,160 00 

Southern Pacific R R bond, .... 500 00 575 00 

Atlantic & Pacific R.R. bond, .... 1,000 00 99 00 

Mexican Central R.R. bond, .... 1,000 00 670 00 

Toledo city bond, 1,000 00 1,040 00 

Lynn & Boston R.R. bonds, . . . ' . 3,000 00 3,150 00 

Chicago & Great Western R.R. bonds, . . 2,000 00 2,160 00 

Ohio & West Virginia R.R. bond, . . . 1,000 00 1,050 00 

Ogdensburg & Lake Champlain R.R. bonds, . 2,000 00 1,860 00 

East Middlesex R.R. bonds, .... 2,000 00 2,000 00 

Equitable Mortgage Company bonds, . . 1,000 00 800 00 

Atchison, Topeka & Santa Fe R.R. bonds, . 3,000 00 2,370 00 

Atchison, Topeka & Santa Fe R.R. stock, . 4,750 00 1,416 00 

Atchison, Topeka & Santa Fe R.R. scrip, . 450 00 364 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 



Loans on mortgage of real estate (fi 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, 
All other cash loans, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (g 
Rents due and accrued, 
Prem's more than three mos. due, 
Gross assets, 



st liens*) 



ross), 



$35 25 



$32,700 00 $32,684 00 


!. 31, 1897. 


$1,648 99 


22,228 00 


927 99 


32,684 00 


3,000 00 


596 20 


122 00 


1,394 41 


448 89 


215 65 


126 00 
5 

<K«3 3QO 13 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$24,850 00 
33,000 00 
32,200 00 



50 



LYNN MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unearned premiums on outstanding risks, . $14,593 66 

Profits or surplus on terminated policies, unpaid, 363 50 

Gross liabilities, ..... 



Net cash assets, 



|14,957 16 



,434 97 



$56 43 
35 25 



Income. 

Premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 



Entire premiums collected, .... $6,203 68 

Less reinsurance and return premiums, . . 321 58 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Gross cash income, 



$21 
6,398 


18 
15 


$6,419 33 
215 65 



15,882 10 

45 71 

946 35 

1,734 78 

!8,608 94 



Expenditures. 

Cash paid for losses, .... 

as profits on terminated policies, 
for salaries of officers, 
for State and local taxes, 

for rents, 

for incidentals, 

Gross cash expenditures, . 



$473 58 


4,715 


44 


2,200 00 


60 


17 


648 


00 


466 


21 



$,563 40 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1896, $2,043,795 00 
Risks written during 1897, . 467,095 00 



Total, . . . . 
Risks terminated during 1897, 

In force at end of year, . 



1,510,890 00 
425,707 00 



Cash Prem's. Conting't Prem's. 

$27,027 92 $54,055 84 
6,398 15 12,796 30 



!,085,183 00 $28,277 72 



$33,426 07 $66,852 14 
5,148 35 10,296 70 



,555 44 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1897, 100 per cent. 



$394 00 



MERCHANTS* AND FARMERS' MUTUAL FIRE INSURANCE CO. 51 



MERCHANTS' AND FARMERS' MUTUAL FIRE INSURANCE 
COMPANY, WORCESTER. 

[Incorporated April 1, 1846. Commenced business Jan. 1, 1847.] 
JOHN D. WASHBURN", President. ELIJAH B. STODDARD, Secretary. 

Amount of permanent fund, $121,574 43 



Detailed Statement of Stocks, 

111 shares Atch., Topeka & Santa Fe R.R., 
50 
25 
20 
20 
13 
25 
29 
56 
25 
61 

34 ' 
25 
10 ' 



Union Pacific R.R., . 
Wachusett National Bank, 
Westminster National Bank, . 
Central National Bank, . 
Mechanics' National Bank, 
Quinsigamond National Bank, 
Wor., Nashua & Rochester R.R., 
Chicago & Alton R.R., . 
Chicago, Burlington & Quincy R.R 
Boston & Albany R.R., . 
Providence & Worcester R.R., 
Norwich & Worcester R.R., . 
Boston & Maine R.R., 

Lawrence city bond, 

Eastern R.R. of Minnesota bonds, . 
Chicago, Burlington & Quincy R.R. bonds, 
Atch., Topeka & Santa Fe R.R. bonds, . 
City of Grand Haven, Mich., bonds, 
Corporation notes, 



Bonds, etc. 

Par Value. 

$10,500 00 

5,000 00 

2,500 00 

2,000 00 

2,000 00 

1,300 00 

2,500 00 

2,900 00 

5,600 00 

2,500 00 

6,100 00 

3,400 00 

2,500 00 

1,000 00 

10,000 00 

5,000 00 

, 500 00 

10,500 00 

10,000 00 

22,750 00 



Market Value. 

$2,421 00 
1,300 00 
5,000 00 
2,000 00 
2,900 00 
1,300 00 
3,750 00 
3,480 00 
9,016 00 
2,500 00 

13,359 00 
8,670 00 
5,025 00 
1,680 00 

11,500 00 

5,350 00 

545 00 

8,295 00 

10,000 00 

22,750 00 



$108,550 00 $120,841 00 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 



Loans on mortgage of real estate (fi 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
All other cash loans, . 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest clue and accrued, . 
Premiums in course of collection (g 
Rents due and accrued, 
Prem's more than three mos. due, 
Gross assets, 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



st liens*), 



coss) , 
$2,826 43 



$33,800 00 

62,250 00 

2,426 62 

120,841 00 

413 43 

1,114 09 

5,364 00 

788 58 

6,228 82 

432 32 



$233,658 86 



$71,500 00 
96,000 00 
64,350 00 



52 merchants' and farmers' mutual FIRE INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Profits or surplus on terminated policies, unpaid, 
Commissions and brokerage, . . 

Gross liabilities, .... 

Net cash assets, 

Income. 
Premiums outstanding Dee. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, . . 
Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Income from rents, .... 

Gross cash income, . . 



$652 69 




75 00 




168,352 70 




. 2,753 74 




d, 146 26 




945 83 






$172,926 22 




. 


$60,732 64 


$12,684 33 




1,128 99 





$11,555 34 
111,613 20 

$123,168 54 
9,055 25 

$114,113 29 
4,196 75 



$109,916 54 

651 72 

1,272 20 

5,523 96 

935 92 

$118,300 34 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, .... 



,734 58 

48,^256 37 

16,964 15 

7,240 50 

2,097 91 

4,400 18 

$121,693 69 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1896, $22,529,273 00 $341,029 47 $341,029 47 

Risks written during 1897, . 7,249,767 00 111,613 20 111,613 20 



Total, $29,779,040 00 $452,642 67 $452,642 67 

Risks terminated during 1897, . 8,028,775 00 121,740 60 121,740 60 



In force at end of year. 



11,750,265 00 $330,902 07 $330,902 07 



MERRIMACK MUTUAL FIRE INSURANCE CO. 



53 



Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1897, 20, 40 and 60 per cent. 



,756 00 



MERRIMACK MUTUAL FIRE INSURANCE COMPANY, ANDOVER. 

[Incorporated Feb. 7, 1828. Commenced business April 8, 1828.] 
WM. S. JENKINS, President. JOSEPH A. SMART, Secretary. 



Amount of permanent fund, 



$150,206 00 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Cincinnati city bonds, $ 16,000 00 f 19,170 00 

Fall River city bonds, 10,000 00 10,000 00 

Lynn city bonds, 5,000 00 5,450 00 

United States bonds, 21,000 00 21,300 00 

Cambridge Horse R.R. bonds, .... 13,000 00 13,650 00 

Boston & Maine R.R. bonds, .... 2,000 00 2,160 00 

Old Colony R.R. bonds, 10,000 00 10,800 00 

Chicago, Burlington & Quincy R.R. bonds, . 10,000 00 10,900 00 

Chicago & Northwestern R.R. bonds, . . 5,000 00 5,550 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 5,000 00 5,725 00 

Northern Pacific & Montana R.R. bonds, . . 10,000 00 5,950 00 

Chicago, Peoria & St. Louis R.R. bonds, . . 5,000 00 4,000 00 

50 shares Boston Investment Co., . . . 5,000 00 400 00 

Cleveland Cable bonds, . . . . 8,000 00 8,160 00 

Andover Electric Co. bonds, .... 5,500 00 6,050 00 

Andover water bonds, ..... 12,000 00 12,960 00 

Danvers water bonds, . . . . . 10,000 00 10,800 00 

Seattle city bonds, 5,000 00 5,000 00 

15 shares Lawrence National Bank, . . 1,500 00 1,800 00 

10 " Andover National Bank, . . . 1,000 00 1,100 00 

Salem (Ohio) Water Co. bonds, . . . 6,000 00 3,600 00 

Helena (Montana) Water Co. bonds, . . 5,000 00 4,000 00 

Chicago, Wisconsin & Minn. R.R. bonds, . 5,000 00 5,300 00 



1176,000 00 $173,825 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $8,405 00 

Loans on mortgage of real estate (first liens*), 95,085 00 

Interest due or accrued thereon, . . . 1,795 28 



* Total value of property mortgaged, . 
Amount of insurance held as collateral, 



$189,250 00 
116,450 00 



54 



MERRIMACK MUTUAL FIRE INSURANCE CO. 



Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



|173,825 00 

9,819 78 

3,183 05 

16,501 66 



$308,614 77 



Liabilities. 

Unpaid losses, $1,412 08 

Unearned premiums on outstanding risks, . 241,776 07 

Return premiums on cancelled policies, . 90 06 

Profits or surplus on terminated policies, unpaid, 6,634 34 

Commissions and brokerage, .... 2,546 97 

Gross liabilities, 

Net cash assets, 



252,459 52 



$56,155 25 



Income. 

Premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 
Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from all other 

Gross cash income, . 



$11,507 01 
675 69 



),831 32 
142,689 48 

$153,520 80 
.16,501 66 

$137,019 14 
4,833 95 



sources, 



$132,185 19 
1,348 44 
4,122 16 
9,391 83 

$147,047 62 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



,032 30 

60,372 43 

20,691 71 

6,762 25 

1,289 76 

4,831 61 



Gross cash expenditures, 



$153,980 06 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



55 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

RisksoutstandingDec.31,1896, $30,114,676 00 $473,012 53 $473,012 53 

Risks written during 1897, . 9,040,477 00 142,689 48 142,689 48 



Total, .... $39,155,153 00 $615,702 01 $615,702 01 
Risks terminated during 1897, 8,681,777 00 138,072 36 138,072 36 



In force at end of year, . . $30,473,376 00 $477,629 65 $477,629 65 

Miscellaneous. 

Losses incurred during the year, $53,159 00 

Profits or surplus returned during 1897, 20, 40 and 60 per cent. 



MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CONCORD. 

[Incorporated March 3, 1826. Commenced business March 29, 1826.] 
RICHARD F. BARRETT, President. WILLIAM BARRETT, Secretary. 



Amount of permanent fund, 



$327,532 84 



Detailed Statement of Stocks, Bonds, etc. 



33 shares 

15 

26 

53 

25 

54 

30 
113 

20 

44 

10 

30 

18 

10 
3 

30 

33 

57 
100 

50 
216 
286 T ^ 
120 



Blackstone National Bank, Boston, 
Merchants' National Bank, Boston, 
Webster National Bank, Boston, 
Boston National Bank, Boston, 
Eliot National Bank, Boston, . 
Howard National Bank, Boston, 
Revere National Bank, Boston, 
Shawmut National Bank, Boston, 
Faneuil Hall Nat'l Bank, Boston, 
No. American Natl Bank, Boston, 
Central National Bank, Boston, 
Hancock National Bank, Boston, 
State National Bank, Boston, . 
Market National Bank, Boston, 
Suffolk National Bank, Boston, 
Commercial Nat'l Bank, Boston, 
Concord National Bank, Concord, 
Boston & Albany Railroad, 
Fitchburg Railroad, 
Philadelphia, Wil. & Bait. R.R., 
Chicago, Burl. & Quincy Railroad, 
Atchison, Topeka & Santa Fe R.R., 
Pullman Palace Car Co., 



Par Value. 

$3,300 00 

1,500 00 

2,600 00 

5,300 00 

2,500 00 

5,400 00 

3,000 00 

11,300 00 

2,000 00 

4,400 00 

1,000 00 

3,000 00 

1,800 00 

1,000 00 

300 00 

3,000 00 

3,300 00 

5,700 00 

10,000 00 

2,500 00 

21,600 00 

28,690 00 

12,000 00 



Market Value. 

$2,805 00 
2,370 00 
2,639 00 
4,770 00 
3,000 00 
4,603 50 
2,550 00 

12,882 00 
2,520 00 
3,960 00 
1,080 00 
3,000 00 
1,953 00 
640 00 
309 75 
2,400 00 
5,280 00 

12,540 00 

10,075 00 
3,150 00 

21,600 00 
4,711 22 

20,805 00 



56 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



Eastern Railroad bonds, .... 

Burlington & Missouri Railroad bonds, . 

Chicago, Burlington & Quincy R.R. bonds, 

Portland & Ogdensburg R.R. bonds, 

Akron & Chicago June. Railroad bonds, . 

Chicago, Burlington & Northern R.R. bonds, 

Atchison, Topeka & Santa Fe Railroad bonds 

Cincinnati, Ham & Dayton Railroad bonds, 

Concord & Montreal Railroad bonds, 

Conn. & Passumpsic Rivers R.R. bonds, . 

Cleveland, L. & Wheeling R.R. bonds, . 

Old Colony R.R. bonds, .... 

Boston & Lowell R.R. bonds, . 

Boston & Albany R.R. bonds, . 

New York, Providence & Boston R.R. bonds, 

Boston & Maine R.R. bonds, 

Narragansett Pier R.R, bonds, . 

Norwich & Worcester R.R. bonds, . 

Illinois Steel Company bonds, . 

United States bonds, 

Bath city bonds, 

Toledo city bonds, . 

Cambridge city bonds, 

Omaha city bonds, 

Concord water bonds, 

Medforcl city bonds, . 

Holyoke city bonds, . 



Par Value. 

$6,000 00 

7,000 00 

14,000 00 

20,000 00 

10,000 00 

.2,000 00 

3,450 00 

10,000 00 

25,000 00 

15,000 00 

10,000 00 

6,000 00 

15,000 00 

8,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

3,000 00 

10,000 00 

20,000 00 

5,000 00 

2,500 00 

5,000 00 

10,000 00 



Market Value. 

$7,200 00 

6,930 00 

14,832 50 

21,400 00 

10,000 00 

2,160 00 

2,698 68 

10,850 00 

26,500 00 

16,350 00 

10,350 00 

6,485 00 

15,825 00 

8,440 00 

11,100 00 

12,000 00 

10,600 00 

10,850 00 

9,000 00 

11,500 00 

3,300 00 

11,100 00 

22,000 00 

5,187 50 

2,800 00 

5,481 25 

11,400 00 



$402,140 00 $415,983 40 



Securities held as collateral for cash loans : ■ 

9 shares Chicago & West Michigan R.R., 
29 " Pemberton Mills, . . . 
71 " Illinois Steel Co., . 
60 " Chicago, Rock Island & Pacific R.R. 
40 " American Powder Mills, . 



Market Value. Loaned Thereon. 



$108 00' 

4,350 00 

3,550 00. 

5,520 00 

6,200 00 



$7,500 00 

2,000 00 
2,500 00 



$19,728 00 $12,000 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $32,200 00 

Loans on mortgage of real estate (first liens*), 88,675 00 

Interest due or accrued thereon, . . . 3,127 55 

Stocks, bonds, etc , as per schedule, . . . 415,983 40 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$83,400 00 
152,600 00 
105.000 00 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



57 



Loans on collateral security, as per schedule, 

All other cash loans, 

Cash in the office of the company, . 
Cash deposited in bank, . . . . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



$12,000 00 

27,150 00 

7,939 36 

5,842 82 

3,939 06 

23,050 20 

850 00 



$620,757 39 



Liabilities. 

Losses claimed and reported, .... $1,200 00 

Losses disputed or resisted, .... 804 00 

Unearned premiums on outstanding risks, . 329,931 76 

Profits or surplus on terminated policies, unpaid, 7,021 15 

Commissions and brokerage, .... 3,132 40 

Gross liabilities, 

Net cash assets, 



342,089 31 



$278,668 08 



Income. 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, etc., , 

Gross cash income, 



$20,046 11 
191,662 00 

$211,708 11 
23,050 20 

$188,657 91 
3,636 04 



sources, 



$185,021 87 

1,716 50 

3,774 25 

19,614 33 

434 32 

$210,561 27 



Expenditures. 
Cash paid for losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 

for commissions and brokerage, . 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, .... 



$64,347 


18 




11 


12 


$64,336 06 
92,513 91 






. 




27,957 03 


. 




11,170 00 


. 




2,088 89 


• 




7,258 28 


, , 


$205,324 17 



58 



MUTUAL FIRE ASSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1896, $41,447,825 00 $620,379 08 $620,379 08 

Risks written during 1897, . 13,039,715 00 191,662 00 191,662 00 



Total, . . . . $54,487,540 00 $812,041 08 $812,041 08 
Risks terminated during 1897, 10,499,979 00 157,534 36 157,534 36 



In force at end of year, . . f 43,987,561 00 $654,506 72 $654,506 72 
Deduct amount reinsured, . 144,192 00 2,181 23 2,181 23 



Net amount in force, . $43,843,369 00 $652,325 49 $652,325 49 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 25, 50 and 70 per cent. 



$64,003 00 



MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD. 

[Incorporated Feb. 23, 1827. Commenced business July 23, 1827.] 
GEO. B. HOLBROOK, President. FRANK R. YOUNG-, Secretary. 



Amount of permanent fund, 



$117,216 93 



Detailed Statement of Stocks, Bonds, etc. 



Vermont Valley R.R. bonds, . 

Chicago, Burlington & Northern R.R. bonds, 

Western Union Telegraph bonds, 

Chesapeake & Ohio R.R. bonds, 

Ohio Southern R.R. bonds, 

Atchison, Topeka & Santa Fe R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Philadelphia, Wilmington & Bait. R.R. bonds 

Horyoke Street R R. bonds, 

Boston & Albany R.R. bonds, . 
75 shares Second National Bank, Springfield 
61 " Chicopee Nat'l Bank, Springfield, 
25 " John Hancock N'l B'k, Springfield 
25 " First National Bank, Springfield, 
25 " Chapin National Bank, Springfield 
10 " Monson National Bank, Monson, 
10 " First National Bank, Chicopee, 
50 " Hadley Falls Nat'l Bank, Holyoke 



Par Value. 

$4,000 00 
500 00 
7,000 00 
4,000 00 
3,000 00 
5,000 00 
500 00 
4,000 00 
6,000 00 

10,000 00 
7,500 00 
6,100 00 
2,500 00 
2,500 00 
2,500 00 
1,000 00 
1,000 00 
5,000 00 



Market Value. 

$4,520 00 
540 00 
7,350 00 
4,560 00 
2,400 00 
5,050 00 
545 00 
4,160 00 
6,300 00 
10,700 00 
8,650 00 
9,455 00 
2,625 00 
2,625 00 
3,000 00 
1,400 00 
1,250 00 
7,500 00 



MUTUAL FIRE ASSURANCE CO. 



59 



20 shares Springfield Nat'l B'k, Springfield, . 

50 " Commerce Nat'l Bank, Boston, 
100 " Boston & Albany R.R., . 
150 " N. Y. Central & Hudson River R.R., 

55 " Chicago, Burl. ■& Quincy R.R., 

40 " Lake Shore & Mich. R.R., 



Par Value. 

$2,000 00 

5,000 00 

10,000 00 

15,000 00 

5,500 00 

4,000 00 



Market Value. 

$2,900 00 

5,250 00 

22,200 00 

16,950 00 

5,500 00 

7,000 00 



$113,600 00 $142,430 00 



Summary of Assets Dec. 31, 1897. 

$28,945 65 
246 02 

142,430 00 

399 04 

4,205 19 

639 57 



Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 



145 01 



$177,010 48 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Gross liabilities, ...... 

Net cash assets, 



$375 00 

44,018 30 

183 38 



44,576 68 



$132,433 80 



$1,008 38 
441 00 



Income. 

Premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, . . 
Premiums on risks written or renewed, 

Total, ... 
Premiums now in course of collection, 
Entire premiums collected, 
Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from all other sources, . 

Gross cash income, 



$567 
19,607 


38 
30 


$20,174 68 
292 76 



$19,881 92 

188 84 

1,487 17 

6,066 35 

$27,624 28 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$16,200 00 
37,500 00 
32,600 00 



60 



MUTUAL PROTECTION FIRE INSURANCE CO. 



Expenditures. 



Cash paid for losses, ...... 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, . 

for incidentals, 



Gross cash expenditures, . 



$6,446 98 


13,361 


26 


3,463 00 


170 


19 


500 


00 


402 


18 


$24,343 


61 



Risks and Premiums. 



Amount. 

'5,229,950 00 
1,237,300 00 



Cash Prem's. Conting't Prem's. 

181,275 50 $81,275 50 
19,607 30 19,607 30 



Risks outstanding Dec. 31, 1896, 
Risks written during 1897, 

Total, 16,467,250 00 $100,882 80 $100,882 80 

Risks terminated during 1897, . 1,027,850 00 16,014 01 16,014 01 

In force at end of year, . . $5,439,400 00 $84,868 79 $84,868 79 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1897, 90 per cent. 



>,822 00 



MUTUAL PROTECTION FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated April 10, 1861. Commenced business July 15, 1864.] 
G-EO. B. NEAL, President. G-EO. H. PENDERGAST, Secretary. 

Office, Thompson Square, Charlestoivn. 



Amount of permanent fund, 



$52,639 30 



Detailed Statement op Stocks, Bonds, etc. 



10 shares Monument National Bank, 
20 " National Bank of the Republic, 
31 " Charlestown Gas and Electric Co., 
10 " Somerville Electric Light Co., . 
50 " Atch , Top. & Santa Fe R.R., . 
Northern Pacific R.R. bonds, . 



Par Value. 

$1,000 00 
2,000 00 
1,550 00 
1,000 00 
5,000 00 
2,000 00 



Market Value. 

$2,200 00 

2,820 00 

2,170 00 

1,000 00 

600 00 

2,360 00 



$12,550 00 $11,150 00 



MUTUAL PROTECTION FIRE INSURANCE CO. 



61 



Summary of Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens*), 
Interest clue or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

Cash deposited in bank, 

Premiums in course of collection (gross), 
Prem's more than three mos. due, . f 339 76 
Gross assets, . . . .. . 

Liabilities. 

Losses adjusted, unpaid, 

Unearned premiums on outstanding risks, 
Gross liabilities, 

Net cash assets, 



$52,500 


00 




1,344 


66 




11,150 00 




1,464 


13 




17,512 


09 




1,698 


82 


$85,669 70 






$3 50 




25,257 


84 


25,261 34 







,408 36 



Income. 



Premiums outstanding Dec. 31, 1896, 


$2,184 72 




Same not collected, 


211 


28 




Net collected, 


$1,973 44 




Premiums on risks written or renewed, . 


19,909 58 




Total, 


$21,883 


02 




Premiums now in course of collection, . 


2,038 58 




Entire premiums collected, .... 


$19,844 


44 




Less reinsurance and return premiums, . 


952 


68 




Net cash premiums received, . 






$18,891 76 






Received for extra premiums, .... 


. 


. 


67 91 


Interest received on mortgages, 


. . 


, 


3,187 59 


Interest and dividends received from all other sources, . 


. 


794 77 


Income from rents, etc., 


, , 


, 


119 20 


Gross cash income, 


$23,061 23 


Expenditures. 








Cash paid for losses, 




. 


$5,628 86 


as profits on terminated policies, . 




. 


2,325 57 


for commissions and brokerage, 




. 


3,754 65 


for salaries of officers and employees, 




. 


416 67 


for State and local taxes, 




. 


702 87 


for rents, 




, 


500 00 


for incidentals, .... 




# 


1,067 26 


Gross cash expenditures, 


$14,395 88 






$26,850 00 






82,900 00 


Amount of insurance held as collateral, 


. 


72,800 00 



62 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1896, 12,229,769 00 
Risks written during 1897, . t 1,222,289 00 



Total, . . . . |3,452,058 00 

Risks terminated during 1897, 561,647 00 

In force at end of year, . . $2,890,411 00 

Deduct amount reinsured, . 10,586 00 

Net amount in force, 



Cash Prem's. Conting't Prem's. 

$34,087 88 $34,087 88 
19,909 58 19,909 58 



|53,997 46 
7,723 55 

$46,273 91 
177 31 

$46,096 60 



. $2,879,825 00 

Miscellaneous. 

Losses incurred during the year, . . . 

Profits or surplus returned during 1897, 20, 40 and 70 per cent. 



$53,997 46 
7,723 55 

$46,273 91 
177 31 

$46,096 60 
$4,731 00 



NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY, 

NEWBURYPORT. 

[Incorporated Feb. 1, 1829. Commenced business May 1, 1829.] 
WILLIAM R. JOHNSON, President. LAWRENCE W. BROWN, Secretary. 



Detailed Statement of Stocks, 

100 shares Mer. Nat'l Bank, Newburyport, 

9 
31 
15 
10 
10 
10 
10 

5 

10 
10 
10 
20 ' 

5 

10 ' 
9 

11 ' 
5 ' 

14 



Mech. Nat'l Bank, Newburyport, 
Ocean Nat'l Bank, Newburyport, 
Washington Nat'l Bank, Boston, 
Hide & Leather N'l Bank, Boston, 
Market Nat'l Bank, Boston, . 
Shoe & Leather N'l Bank, Boston, 
Hancock Nat'l Bank, Boston, . 
General Electric stock, 
U. S. Rubber Co. stock, 
Westinghouse stock, 
Western Union stock, 
Boston & Maine R.R., 
N. Y. Central & Hudson River R.R. 
Chicago & Northwestern R.R , 
Chic, Mil. & St. Paul R.R., . 
Atchison, Topeka & Santa Fe R.R. 
Chic. June. & Stock Yard, 
Chic, Burl. & Quincy, 

Rutland R.R. bonds, .... 

Chic, Burl. & Northern R.R. bonds, 

Consolidated R.R. of Vermont bonds, 

Fall River city bonds, 



Bonds, etc. 

Par Value. 

|2,000 00 

900 00 
1,550 00 
1,500 00 
1,000 00 
1,000 00 
1,000 00 
1,000 00 

500 00 
1,000 00 
1,000 00 
1,000 00 
2,000 00 

500 00 
1,000 00 

900 00 
1,100 00 

500 00 
1,400 00 
1,500 00 
2,000 00 
2,000 00 
1,000 00 



Market Value. 

$2,200 00 

1,100 00 

1,550 00 

1,485 00 

1,030 00 

640 00 

940 00 

1,000 00 

420 00 

640 00 

525 00 

910 00 

3,350 00 

535 00 

1,210 00 

950 00 

160 00 

545 00 

1,393 00 

1,559 00 

2,140 00 

1,250 00 

1,000 00 



$27,350 00 $26,532 00 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 



63 



Summary of Assets Dec. 31, 1897. 



Loans on mortgage of real estate (fir 
Interest due or accrued thereon, 
Stocks, bonds, etc , as per schedule, 
All other cash loans, . 
Cash deposited in bank, . 
Office furniture, 
Gross assets, 



st liens*), 



| 100 00 



Liabilities. 

Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Gross liabilities, .... 

Net cash assets, 

Income. 

Premiums on risks written or renewed, . 
Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from policy fees, . 

Gross cash income, . 

Expenditures. 
Cash paid for losses, .... 

as profits on terminated policies, 
for salaries of officers, 
for State and local taxes, 
for rents, .... 
for incidentals, 



$700 


00 


19 


00 


26,532 


00 


100 


00 


3,664 77 


|4,701 


20 


25 


00 



Gross cash expenditures, 



Risks outstanding Dec. 31, 1896, 
Risks written during 1897, 



Risks and Premiums. 

Amount. 

$700,325 00 
126,750 00 



531,015 77 



4,726 20 



,289 57 



$ 1,746 45 




37 50 




$1,708 95 




40 38 






$1,668 57 




. 


38 50 


sources, . 


1,221 77 


. 


74 15 



$3,002 99 



$279 


76 


1,708 


95 


480 00 


15 


79 


125 


00 


117 


33 



Total, .... 
Risks terminated during 1897, 

In force at end of year, 



$827,075 00 
120,040 00 

$707,035 00 



Cash Prem's. 

$9,170 32 
1,746 45 



,916 77 
1,638 67 



$2,726 83 



Conting't Prem's. 

$36,681 28 
6,985 80 

$43,667 08 
6,554 68 



1,278 10 $37,112 40 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$900 00 

1,400 00 

600 00 



64 



NORFOLK MUTUAL FIRE INSURANCE CO, 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during- 1897, 100 per cent. 



$279 00 



NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 12, 1825. Commenced business July 1, 1825.] 
J. WHITE BELCHER, President. ELIJAH HOWE, Jr., Secretary. 

Amount of permanent fund, $384,201 14 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Old Colony R.R. stock, $10,000 00 $1S,800 00 

Boston & Lowell R.R. stoek, .... 7,500 00 16,350 00 

Boston & Albany R.R stock, .... 12,500 00 27,500 00 

Boston & Providence R.R. stoek, . . . 2,000 00 5,260 00 

Chicago, Burlington & Quiney R.R. stock, . 10,000 00 9,800 00 

Atchison, Topeka & Santa Fe R.R. stoek, . 30,3-10 00 6,981 00 

Dedham Water Company stoek, . . . 5,000 00 5,000 00 

Lynn city bonds, 10,000 00 10,800 00 

Salem city water bonds, 5,000 00 5,250 00 

Randolph town notes, 9,300 00 9,300 00 

Cincinnati city bonds, 25,000 00 28,250 00 

Boston city bonds, 10,000 00 11,200 00 

Boston & Maine Railroad bonds, . . . 10,000 00 10,700 00 

Washington County (111.) bonds, . . . 5,000 00 5,000 00 

N. H. Trust Company bonds, .... 8,500 00 5,500 00 

Western Security Company bonds, . . . 5,000 00 2,500 00 

N. E. Mortgage Security Co. bonds, . . 23,000 00 21.850 00 

Lombard Investment Company bonds, . . 2,350 00 1,100 00 

Portland & Rumford Falls R.R. bonds, . . 10,000 00 10,400 00 

Boston & Maine R.R. bonds, . ' . . . 15,000 00 17,700 00 

Boston & Providence Railroad bonds, . . 20,000 00 21,200 00 

Boston & Lowell Railroad bonds, . . . 20,000 00 21,000 00 

Maine Central Railroad bonds, . . . 15,000 00 16,300 00 

Oregon Short Line Railroad bonds, . . . 10,000 00 11,800 00 

Kan. City, St. J. & Council Bluffs R.R. bonds, . 9,000 00 10,620 00 

Concord & Montreal R.R bonds, . ... 10,000 00 10,500 00 

Atchison, Topeka & Santa Fe R.R. bonds, . 34,500 00 25,815 00 

Philadelphia & Reading R.R bonds, . . 8,000 00 10.160 00 

Old Colony R.R. bonds 25,000 00 26,950 00 

Union Pacific Railway bonds, .... 25,000 00 24,720 00 

Fremont, Elkhorn & Mo Valley R.R. bonds, . 5,000 00 6,500 00 

Grand Avenue R.'y, Kansas City, bonds, . . 5,000 00 4,800 00 

Consolidated Street Railway Co. bonds, . . 5,000 00 5,250 00 

Minneapolis Gas Light Co. bonds, . . . 5,000 00 5,000 00 



NOltFOLK MUTUAL FIRE INSURANCE CO. 



65 



Conn. & Passumpsic Rivers R.R. bonds, 
Dexter & Newport R.R. bonds, 
Norwich & Worcester R.R. bonds, . 



Par Value. 

$5,000 00 

6,000 00 

20,000 00 



Market Value. 

$5,300 00 

6,210 00 

21,450 00 



$442,990 00 $462,819 00 



Summary of Assets Dec. 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . 

Interest due and accrued, 

Premiums in course of collection (gross), 

Rents due and accrued, 

Prem's more than three mos. due, . $109 60 
Gross assets, 



31, 1897. 

$12,000 00 

41,274 00 

752 80 

462,819 00 

26 19 

8,590 16 

5,926 07 

10,150 20 

675 00 



$542,213 42 



Liabilities. 

Unearned premiums on outstanding risks, . $163,320 08 

Return premiums on cancelled policies, . . 411 98 

Profits or surplus on terminated policies, unpaid, 7,228 25 

Commissions and brokerage, .... 1,522 53 

Gross liabilities, 

Net cash assets, ......... 



172,482 84 



$369,730 58 



Income, 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 

Total, ...... 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Gross cash income, 



$5,748 23 
88,040 08 

$93,788 31 
10,259 80 



,528 51 
1,448 34 



sources, . 



$82,080 17 

1,871 86 

20,896 55 

673 00 

$105,521 58 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$41,000 00 
46,200 00 
36,400 00 



66 



PAPER MILL MUTUAL INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents and incidentals, 

for expenses on real estate, 

Gross cash expenditures, . . . 



531,030 48 

44,771 26 

12,015 66 

■6,788 65 

1,046 71 

1,210 45 

558 17 

197,421 38 



Risks and Premiums. 

Amount. Cash Prem's. Contlng't Prem's. 

Risks outstanding Dec. 31, 1896, $21,440,934 00 $311,335 39 $311,335 39 

Risks written daring 1897, . 5,978,425 00 88,040 08 88,040 08 



Total $27,419,359 00 $399,375 47 $399,375 47 

Risks terminated daring 1897, 5,056,189 00 75,767 23 75,767 23 



In force at end of year, . . $22,363,170 00 $323,608 24 $323,608 24 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 25, 50 and 70 per cent. 



$26,246 00 



PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated November, 1886. Commenced business April 1, 1887.] 
R. W. TOPPAN, President. D. W. LANE, Secretary. 

Office, 31 Milk Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Portland & Ogdensburg R.R. bonds, . . $5,000 00 $5,300 00 

Fitchburg R.R. bonds, ..... 5,000 00 5,075 00 

Cincinnati, Sandusky & Cleveland R.R. bonds, 5,000 00 5,500 00 

Maine Central R.R. bonds, .... 5,000 00 5,250 00 

Pennsylvania RR. bonds, . . ... 5,000 00 5,750 00 

Newton water bonds, 5,000 00 5,400 00 

Boston & Albany R.R. bonds, .... 10,000 00 10,700 00 

Boston & Maine R.R. bonds, . . > . 5,000 00 6,000 00 

Boston & Lowell R.R. bonds, .... 5,000 00 5,300 00 



$50,000 00 $54,275 00 



PAPER MILL MUTUAL INSURANCE CO. 



67 



Summary of Assets Dec. 31, 1897. 

Stocks, bonds, etc., as per schedule, . . . $54,275 00 

Cash in the office of the company, . . . 348 01 

Cash deposited in bank, ..... 11,249 33 

Interest due and accrued, ..... 790 00 

Premiums in course of collection (gross), . 218 72 

Gross assets, ' 

Liabilities. 

Unearned premiums on outstanding risks, . $27,950 36 

State and local taxes, , . . . . 116 99 

Gross liabilities, 



Net cash assets, 



Income. 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, , 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash premiums received, .... 
Interest and dividends received from all sources, 

Gross cash income, ..... 

Expenditures. 
Cash paid for losses, ..... 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for rents, ...... 

for inspections, etc., 

Gross cash expenditures, .... 



$996 82 
58,490 89 

$59,487 71 
218 72 

$59,268 99 
3,141 99 



Risks and Premiums. 
Risks outstanding Dec. 31, 1896, 



$66,881 06 



28,067 35 
$38,813 71 



Risks written during 1897, 



Amount. 

15,974,749 00 
7,085,955 00 





$56,127 00 


. 


2,235 96 


. 


$58,362 96 




$4,519 73 


. 


42,929 81 


• 


3,240 00 


. . 


552 79 


. 


240 00 


. 


1,266 42 


• t • 


$52,748 75 


Cash Prem's. 


Conting't Prem's, 


$52,119 90 


$260,599 50 


58,490 89 


292,454 45 



Total, . . . . $13,060,704 00 
Risks terminated during 1897, 6,328,726 00 



.10,610 79 
54,710 06 



$553,053 95 
273,550 30 



In force at end of year, . 



1,731,978 00 $55,900 73 $279,503 65 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 83.23 per cent. 



$2,496 00 



68 



QUINCY MUTUAL FIRE INSURANCE CO. 



QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY. 

[Incorporated March 22, 1851. Commenced business May, 1851.] 
CHARLES A. HOWLAND, President. WM. H. FAY, Secretary. 

Amount of permanent fund, ....... $350,000 00 



Detailed Statement of Stocks, 

88 shares Rockland National Bank, Boston, 

200 " Manufacturers 1 Natl Bank, Boston 

370 " Third National Bank, Boston, 

70 " Second National Bank, Boston, 

50 " First National Bank, Boston, . 

40 " Merchants' National Bank, Boston 

35 " State National Bank, Boston, . 

66 " Washington National Bank, Boston 

37 " Revere National Bank, Boston, 
50 " Hamilton National Bank, Boston, 
46 " Continental National Bank, Boston 
75 " Redemption National Bank, Boston 
25 " Market National Bank, Boston, 

100 " North National Bank, Boston, 

274 " Mt. Wollaston Natl Bank, Quincy 

44 " Granite National Bank, Quincy, 

50 " Wachusett Natl Bank, Fitchburg, 

40 " Hingham Natl Bank, Hingham, 

48 " First Natl Bank, Weymouth, . 

38 " Union Natl Bank, Weymouth, 

10 " Quinsigamond Nl B'k, Worcester 
50 " Brockton National Bank, Brockton 
29 " Plymouth National B'k, Plymouth 
25 " First Natl Bank, West Newton, 

200 " Chicago, Burl. & Quincy R R. 

100 " Boston & Lowell R.R., . 

11 " Old Colony R.R , . 
107 " Hingham Cordage Co., . 
178 " Lawrence Duck Co., 

50 " State St. Safe Deposit & Trust Co. 
East Middlesex Street R.R. bonds, . 
Chicago, Burlington & Quincy R.R. bonds, 
Decatur Water Works Co. bonds and stock, 
City of Quincy note, .... 

Securities held as collateral for cash loans : 

Eureka Silk Co., 

100 shares North Packing & Provision Co., . 



Bonds, etc. 

Par Value. 

$8,800 00 

20,000 00 

37,000 00 

7,000 00 

5,000 00 

4,000 00 

3,500 00 

6,600 00 

3,700 00 

5,000 00 

4,600 00 

7,500 00 

2,500 00 

10,000 00 

27,400 00 

4,400 00 

5,000 00 

4,000 00 

4,800 00 

3,800 00 

1,000 00 

5,000 00 

2,900 00 

2,500 00 

20,000 00 

10,000 00 

1,100 00 

• 10,700 00 

17,800 00 

5,000 00 

10,000 00 

11,500 00 

14,300 00 

1,100 00 



Market Value. 

$12,144 00 

20,000 00 

33,300 00 

12,320 00 

11,200 00 

6,320 00 

3,850 00 

6,600 00 

3,145 00 

5,150 00 

4,600 00 

8,400 00 

1,600 00 

9,000 00 

35,620 00 

6,380 00 

10,000 00 

4,000 00 

5,280 00 

3,990 00 

1,200 00 

6,500 00 

3,190 00 

2,500 00 

20,000 00 

22,000 00 

2,057 00 

5,000 00 

17,800 00 

5,000 00 

10,000 00 

13,135 00 

5,000 00 

1,100 00 



1287,500 00 $317,381 00 

Market Value. Loaned Thereon. 

$5,000 00 ) 
9,000 00 [ ® 7 ' 50000 



QUINCr MUTUAL FIRE INSURANCE CO. 



69 



144 shares National Granite Bank, Quincy, 

15 " Minnehaha Trust Co., 

30 " Sioux Falls National Bank, . 

50 " Fitchburg R R. Co , . 

50 " Central Investment Co., . 
Union Pacific Co. bonds, .... 
11 shares Phoenix Insurance Co., 
Lamson Consolidated S.S. Co. bonds, 
1,000 shares Chicago & No. Michigan R.R., 
Corporation notes secured by warehouse receipts, 



Market Value. Loaned Thereon. 

$ 20,880 00 $17,700 00 
1,500 00 



3,000 00 j 
4,900 001 
5,000 00 

12,650 00 
1,650 00 
6,000 00 
500 00 J 

65,000 00 



2,500 00 



)> 25,000 00 



45,000 00 



$135,080 00 $97,700 00 



Summary op Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
All other cash loans, .... 

Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, ..... 

Liabilities. 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Gross liabilities, 

Net cash assets, .... 

Income 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 



$16,800 00 

73,900 00 

2,379 63 

317,381 00 

97,700 00 

9,000 00 

280 00 

84,492 14 

2,497 75 

8,564 70 

380 50 



$248,986 36 

2,500 00 

200 00 

250 00 

1,284 68 



$11,407 49 
145,699 35 

$157,106 84 
8,564 70 

$148,542 14 
6,618 13 



$613,375 72 



253,221 04 

$360,154 68 



$141,924 01 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$86,400 00 

111,600 00 

97,200 00 



70 RUBBER MANUFACTURERS' MUTUAL INSURANCE CO. 



Received for extra premiums, 

Interest received on mortgages, .... 
Interest and dividends received from all other sources, 
Income from rents, 



Gross cash income, 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$1,285 47 

3,068 27 

28,359 68 

466 24 

$175,103 67 



$43,125 46 

70,897 29 

22,641 37 

12,659 96 

2,758 01 

6,664 37 

$158,746 46 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 



Risks outstanding Dec. 31,1896, $34,708,477 00 $517,013 02 $517,013 02 
Risks written during 1897, . 9,586,921 00 145,699 35 145,699 35 



Total, $44,295,398 00 $662,712 37 $662,712 37 

Risks terminated during 1897, . 10,224,832 00 155,080 31 155,080 31 



In force at end of year, . . $34,070,566 00 $507,632 06 $507,632 06 

Miscellaneous. 

Losses incurred during the year, $36,375 00 

Profits or surplus returned during 1897, 20, 40 and 60 per cent. 



RUBBER MANUFACTURERS' MUTUAL INSURANCE COMPANY, 

BOSTON. 

[Incorporated Nov. 4, 1884. Commenced business Jan. 15, 1885.] 
E. S. CONVERSE, President. B. F. TAFT, Secretary. 

Office, SI Milk Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Fitchburg R R. bonds, $15,000 00 $15,587 50 

Boston & Lowell R.R. bonds, .... 10,00000 10,25000 

Maine Central R.R. bonds, .... 26,000 00 27,100 00 

New York & New England R.R. bonds, . . 8,000 00 9,520 00 

Boston Consolidated Street R.R. bonds, . . 12,000 00 12,960 00 

Cambridge Street R.R. bonds, .... 1,000 00 1,045 00 

Cheshire R.R. bonds, 500 00 500 00 

Maiden Electric Co. bonds, .... 5,000 00 5,000 00 

General Electric Co. bonds, .... 1,000 00 1,000 00 



RUBBER MANUFACTURERS MUTUAL INSURANCE CO. 



71 



United States Rubber Co. stock, 

General Electric Co. stock, 

N. Y., N. H. & Hart. R.R. bonds, 

Watertown town bonds, . 

Taunton city bonds, . 

Lynn & Boston R.R. bonds, 

East Middlesex St. R'y bonds, . 

Bangor & Aroostook R.R. bonds, 

Corporation notes, 

West End Street R.R. bonds, . 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



Par Value. 

$21,800 00 
5,000 00 
2,000 00 
3,000 00 
5,000 00 
1,000 00 
7,000 00 
10,000 00 

130,900 00 
18,000 00 



Market "Value. 

$14,170 00 
4,200 00 
2,190 00 
3,135 00 
5,425 00 
1,000 00 
7,000 00 
10,200 00 

116,400 00 
18,630 00 



$282,200 00 $265,312 50 

31, 1897. 

$265,312 50 

1,553 71 

24,984 65 

5,023 19 

2,070 67 

,944 72 



Liabilities. 

Losses reported, ..... 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, .... 



Net cash assets, 



$17,461 16 

136,804 54 

506 35 



154,772 05 
$144,172 67 



Income. 

Premiums outstanding Dec. 31, 1896, . . $2,565 21 

Premiums on risks written or renewed, . . 273,621 02 

Total, . . $276,186 23 

Premiums now in course of collection, . . 2,070 67 

Net cash premiums received, . . . . 

Interest and dividends received from all sources, . 



$274,115 56 
10,488 02 



Gross cash income, $284,603 58 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for joint office expenses, . 
for incidentals,, 
for inspections, 

Gross cash expenditures, . 



$18,402 90 
191,414 59 
5,480 00 
3,349 07 
8,894 59 
1,050 87 
7,668 12 

$236,260 14 



72 



SALEM MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1896, $27,618,078 00 $238,257 54 $1,191,287 70 

Risks written during 1897, . 30,293,092 00 273,621 02 1,368,105 10 



Total, .... $57,911,170 00 $511,878 56 $2,559,392 80 

Risks terminated during 1897, 28,829,172 00 238,269 47 1,191,347 35 



In force at end of year, . . $29,081,998 00 $273,609 09 $1,368,045 45 

Miscellaneous. 

Losses incurred during the year, $35,560 00 

Profits or surplus returned during 1897, 75 per cent. 



SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated April 17, 1838. Commenced business May 1, 1838.] 
HOWARD S. PORTER, President. BENJAMIN" L. FABENS, Secretary. 

Amount of permanent fund Dec. 31, 1896, .... $52,580 66 



Detailed Statement of 



Old Colony Railroad bonds, 
Fitchburg Railroad bonds, 
Boston & Lowell Railroad bonds, 
Boston & Maine Railroad bonds, 
Boston & Albany Railroad bonds, 
Keene (N. H.) city bonds, 
Haverhill city bonds, 
Springfield city bonds, 
Springfield (Ohio) city bonds, 
Toledo (Oh;o) city bonds, 
Cincinnati city bonds, 
Chicago city bonds, .. 
Lynn city bonds, 
Middleton town bonds, 
Meriden (Conn.) city bonds, 
Somerville (Mass ) city bonds, 
Woburn city bonds, . 
Brockton city bonds, 
Peabody town bonds, 
New Britain (Conn.) city bond 
Stoneham town bonds, 
Cleveland city bonds, 
Cook County bonds, . 
Ware town bonds, . 
Medford city bonds, . 
Salem city bonds, 



Stocks, Bonds, etc. 

Par Value. 

$1,000 00 
3,000 00 
3,000 00 
1,000 00 
1,000 00 
1,000 00 
3,000 00 
1,000 00 
1,150 00 
2,000 00 
1,000 00 
3,000 00 
2,000 00 
500 00 
■ 2,000 00 
2,000 00 
2,000 00 
1,000 00 
1,000 00 
4,000 00 
2,000 00 
3,000 00 
1,000 00 
1,000 00 
1,000 00 
4,550 00 



Market Value. 

$1,085 00 

3,222 50 

3,200 00 

1,080 00 

1,060 00 

1,020 00 

3,030 00 

1,170 00 

1,184 50 

2,250 00 

1,190 00 

3,210 00 

2,090 00 

505 00 

2,030 00 

2,100 00 

2,040 00 

1,030 00 

1,025 00 

4,160 00 

2,055 00 

3,120 00 

1,020 00 

1,020 00 

1,080 00 

4,693 75 



SALEM MUTUAL FIRE INSURANCE CO. 



73 



9 shares Boston & Maine Railroad, 
5 " National Exchange Bank, Salem, 
20 " Salem National Bank, 

14 " Asiatic National Bank, 

15 " Salem Gas Company, 



Summary of Assets Dec 

Cash value of unencumbered real estate,. 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross) 
Rents due and accrued, 
Prem 1 s more than three mos. due, . f 72 55 
Gross assets, 



Par Value. 

$900 00 
500 00 

2,000 00 
420 00 

1,500 00 

$53,520 00 

31, 1897. 

$9,050 00 

14,200 00 

117 32 

56,637 50 

1,241 17 

2,568 27 

550 63 

3,081 97 

15 48 



Market V;ilne. 

$1,437 50 
480 00 

2,000 00 
395 50 

1,653 75 

,637 50 



$87,462 34 



Liabilities. 










Unpaid losses, 


$24 


18 






Unearned premiums on outstanding risks, 


35,983 


43 






Return premiums on cancelled policies, . 


6 


12 






Profits or surplus on terminated policies, unpaid, 


657 


78 






State and local taxes, ..... 


67 


99 






Commissions and brokerage, .... 


505 


48 






Gross liabilities, 






37,244 


98 


. 


. 


Net cash assets, 


$50,217 


36 


Income. 










Premiums outstanding Dec. 31, 1896, 


$2,590 59 






Premiums on risks written or renewed, . 


33,477 


74 






Total, . . . . . . . . 


$36,068 


33 




Premiums now in course of collection, . 


3,154 


52 






Entire premiums collected, .... 


$32,913 


81 




Less reinsurance and return premiums, . . v 


858 


22 






Net cash premiums received, .... 






$32,055 


59 






Received for extra premiums, .... 


. 


. 


138 


94 


Interest received on mortgages, 


, 


. 


673 


50 


Interest and dividends received from all other 


surces, . 


, 


2,520 


44 


Income from rents, 


• * 


• 


105 


48 


Gross cash income, ..... 


$35,493 


95 






$6,700 00 








14,600 


00 








10,800 00 





74 SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO. 



Expenditures. 

Cash paid for losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for losses, .... 

Cash paid as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers, 
for State and local taxes, 

for rents, 

for incidentals, .... 

Gross cash expenditures, . 



$11,051 02 




30 80 






$11,020 22 






5,823 29 




4,995 54 




2,423 47 




476 93 




450 00 




1,168 07 



,357 52 



Risks outstanding Dec. 31,1896, $3,051,892 00 
Risks written during 1897, . 2,048,912 00 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

$51,475 01 $51,475 01 

33,477 74 33,477 74 



In force at end of year, . . $3,813,938 00 
Deduct amount reinsured, . 4,417 00 



Net amount in force, 



!,809,521 00 $65,441 87 



Total, .... $5,100,804 00 $84,952 75 $84,952 75 

Risks terminated during 1897, 1,286,866 00 19,417 55 19,417 55 



,535 20 $65,535 20 
93 33 93 33 



15,441 87 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 20, 40 and 70 per cent. 



1,044 40 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE 
COMPANY, AMESBURY. 

[Incorporated May 18, 1855. Commenced business June 13, 1855.] 
GEORGE F. BAGLEY, President. CHARLES L. ALLEN", Secretary. 



Summary op Assets Dec. 31, 1897. 

Cash in the office of the company, . . . $29 58 

Cash deposited in bank, ..... 13 52 
Office safe, . . . . . $100 00 

Gross assets, ...... 



$43 10 



Liabilities. 



Due for borrowed money, 

Balance against company, 



200 00 



$156 90 



SAUGUS MUTUAL FIRE INSURANCE CO. 



75 



Income. 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 



Total, 

Less reinsurance and return premiums, 
Net cash premiums received, . 
Interest and dividends received from all 
Assessments on deposit notes, . 
Borrowed money, .... 



Gross cash income, 



sources, 



$6 00 
211 36 



$217 36 
20 50 



$200 00 



$196 86 

12 16 

8 40 



$217 42 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for incidentals, .... 

Gross cash expenditures, .... 



$465 74 


2 


22 


152 


00 


1 


47 


82 


90 



$704 33 



Risks and Premiums. 



Risks outstanding Dec. 31, 1896, 
Risks written during 1897, 

Total, 

Risks terminated during 1897, . 

In force at end of year, 



Miscellaneous 
Losses incurred during the year, 



Amount. Conting't Prem's. 

520,921 00 $17,984 26 
25,945 00 2,113 60 



$246,866 00 
31,392 00 



$20,097 86 
2,334 26 



45,474 00 $17,763 60 



$466 00 



SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS. 

[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.] 

HERBERT B. NEWHALL, President. WILBUR P. NEWBALL, Secretary. 

[Note. — This company insures nothing but dwellings, farm buildings and their contents, in 
Lynn, Saugus, Lynnfield, Swampscott and Nahant. No cash premiums are taken, but assess- 
ments are made on deposit notes to pay losses and expenses. All policies are issued for a term 
of three years.] 

Summary of Assets Dec. 31, 1897. 

Cash in the office of the company, . . . $496 27 

Cash deposited in bank, ..... 454 81 

Assessments unpaid, . . . . . . 377 00 

Gross assets, < . , . • . . . . $1,328 08 



76 



SOUTH DANVERS MUTUAL FIRE INSURANCE CO. 



Liabilities. 



Due for borrowed money, 

Balance against company, 



$1,500 00 
$171 92 



Income. 

Interest and dividends received from all sources, 

Income from policy fees, 

Assessments on deposit notes, .... 

Gross cash income, 



$24 


21 


604 


00 


3,828 


55 



[,456 76 



Expenditures. 




Cash paid for losses, 


$997 82 


for salaries of officers, . 


1,420 00 


for State and local taxes, 


36 50 


for rents, ....... 


150 00 


for incidentals, ..... 


373 80 


(Borrowed money repaid, $1,000.) 





Gross cash expenditures, 



!,978 12 



Risks and Premiums. 



Risks outstanding Dec. 31, 1896, 
Risks written daring 1897, 



Total, 

Risks terminated during 1897, . 



In force at end of year, 



Amount. 



Conting't Prem's. 



$2,952,675 00 $363,286 00 
1,000,475 00 125,807 00 



$3,953,150 00 $489,093 00 
1,045,500 00 128,849 00 



>,907,650 00 |360,244 00 



Miscellaneous. 

Losses incurred during the year, $ 960 00 

Assessments laid on deposit notes or contingent premiums, . 3,918 10 



SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY, 

PEABODY. 

[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.] 
WILLIAM P. CLARK, President. GEORGE M. FOSTER, Secretary. 



Amount of permanent fund Dec. 31, 1896, 
Decrease during the year, . . . 

Permanent fund Dec. 31, 1897, * , 



$52,159 m 
2,819 74 

$49,339 92 



SOUTH DANVERS MUTUAL FIRE INSURANCE CO. 



77 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Ill shares South Danvers Natl Bank, Peabody, $11,100 00 f 12,987 00 

48 " Warren National Bank, Peabody, . 4,800 00 5,880 00 

51 " Asiatic National Bank, Salem, . 1,530 00 1,440 75 

20 " Naumkeag National Bank, Salem, . 2,000 00 2,550 00 

18 " National Exchange Bank, Salem, . 1,800 00 1,620 00 

12 " First National Bank, Salem, . . ' 1,200 00 1,056 00 

34 " First National Bank, Danvers, . 2,550 00 2,550 00 

30 " Hide & Leather Nat'l Bank, Boston, 3,000 00 3,090 00 

4 " Andover National Bank, Andover, . 400 00 440 00 

1 " Cape Ann Nat 1 ! Bank, Gloucester, . 100 00 140 00 
10 " Manufacturers' Nat'l Bank, Boston, 1,000 00 1,000 00 
20 " Naumkeag Steam Cotton Co., . 2,000 00 1,315 00 
20 " Androscoggin Mills, . . . 2,000 00 2,240 00 

2 " Nashua Manufacturing Co., . . 1,000 00 900 00 

Cincinnati city bonds, 2,000 00 2,290 00 

Wakefield Water Co. bonds, .... 2,000 00 2,090 00 

Providence city bonds, 7,000 00 7,980 00 

Pittsfield city bonds 2,000 00 2,030 00 

Boston & Maine R.R. bonds, , . . . 3,000 00 3,240 00 

Eastern R R. bonds, 2,000 00 2,380 00 



Summary of Assets Dec 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid. 
Due and accrued for rent, salaries, etc., . 

Gross liabilities, ...... 



Net cash assets, . . . . 

Income. 
Premiums on risks written or renewed, . 
Less reinsurance and return premiums, . 
Net cash premiums received, .... 
Interest and dividends received from all sources, 
Income from policy fees, ..... 

Gross cash income, . 



$52,480 00 $57,218 75 

31, 1897. 

$57,218 75 

83 00 

5,262 70 

429 66 

|62,994 11 



.12,186 44 
931 25 
536 50 


13,654 19 


. 


$49,339 92 


f3,837 50 
314 50 


$3,523 00 

2,565 20 

116 00 



,204 20 



78 traders' and mechanics' mutual FIRE INSURANCE CO. 



Expenditures. 
Cash paid for losses, ..... 
as profits on terminated policies, 
for salaries of officers, 
for State and local taxes, 
for incidentals, .... 



|3,262 


34 


3,620 


00 


2,126 


00 


36 


83 


179 


52 



Gross cash expenditures, 



),224 69 



Risks and Premiums. 

Amount. Cash Preru's. Conting't Prem's. 

Risks outstanding Dec. 31,1896, $1, 177,303 00 $25,108 40 $75,325 20 

Risks written during 1897, . 179,475 00 3,837 50 11,512 50 



Total, $1,356,778 00 $28,945 90 

Risks terminated during 1897, . 190,825 00 4,058 00 



,837 70 
12,174 00 



In force at end of year, . . $1,165,953 00 $24,887 90 $74,663 70 

Miscellaneous. 

Losses incurred during the year, . . . . . . $3,262 00 

Profits or surplus returned during 1897, 100 per cent. 



TRADERS' AND MECHANICS' MUTUAL FIRE INSURANCE 

COMPANY, LOWELL. 

[Incorporated June, 1848. Commenced business June, 1848.] 
LEVI S PRAGUE, President. EDWARD M. TUCKE, Secretary. 



Amount of permanent fund, 



Detailed Statement op Stocks, 



20 shares Androscoggin Mills, 



4 
2 

50 

300 

5 

100 

10 

15 

38 

100 

20 

25 



Boott Cotton Mills, . 

Hamilton Manufacturing Company 

Lawrence Gas Company, 

Lowell Gas Company, 

Lowell Manufacturing Company, 

Massachusetts Cotton Mills, . 

Merrimack Manufacturing Co., 

Middlesex Company, 

Tremont & Suffolk Mills, 

Old Lowell National Bank, 

National Bank of North America, 

Vermont & Mass. Railroad, . 



Andover town bonds, 



Bonds, etc. 

Par Value. 

$2,000 00 
4,000 00 
2,000 00 
5,000 00 

30,000 00 
3,450 00 

10,000 00 

10,000 00 
1,500 00 
3,800 00 

10,000 00 
2,000 00 
2,500 00 

15,000 00 



$410,098 69 



Market Value. 

$2,290 00 

3,880 00 

1,390 00 

5,500 00 

79,500 00 

2,637 50 

9,850 00 

10,175 00 

1,792 50 

5,130 00 

12,250 00 

1,800 00 

3,875 00 

16,425 00 



TRADERS' AND MECHANICS' MUTUAL FIRE INSURANCE CO. 79 



Boston city bonds, ..... 

Boston & Maine Railroad bonds, 

Fitch burg city bonds, .... 

Fitclibur^ Railroad bonds, 

Lowell & Suburban Street Railway bonds, 

Maine Central Railroad bonds, 

St. Johnsbury & Lake Champlain R.R. bonds 

Chicago Sanitary bonds, . 

Swift Company bonds, .... 

Marblehead water bonds, . . 

Maiden sewer bonds, .... 

Marlborough water loan, . 

Boston United Gas Co. bonds, . 

llolyoke city bonds, ..... 

Quincy (111.) city bonds, .... 

New England Railroad Co. bonds, . 



Par Value. 

20,000 00 
20,000 00 
10,000 00 
15,000 00 
25,000 00 
20,000 00 
20,000 00 
20,000 00 
5,000 00 
10,000 00 
10,000 00 
10,000 00 
20,000 00 
15,000 00 
12,000 00 
10,000 00 



Market Value. 

$22,400 00 
24,000 00 
11,000 00 
16,425 00 
20,750 00 
20,600 00 
23,400 00 
21,600 00 
5,150 00 
10,850 00 
10,950 00 
10,900 00 
18,400 00 
17,100 00 
12,600 00 
12,200 00 



|343,250 00 $420,820 00 



Securities held as collateral for cash loans : - 

1 share Appleton Co., ..... 
10 shares Nashua Street Railway Co., 
20 " Merrimack Woolen Mills, 
35 " Criterion Knitting Co., 
90 " Lowell & Suburban Street Railway, 
50 " American Bolt Co., .... 
50 " Lowell & Suburban Street Railway, 
30 " Lowell Gaslight Co., 
12 " New England Telephone Co., . 

1 share Hamilton Manufacturing Co., . 



Market Value. Loaned Thereon. 



$300 00 
1,000 00 
1,500 00 
5,500 00 
11,250 00 
5,000 00 
6,250 00 
7,500 00 
1,500 00 
1,000 00 



f 200 00 

2,000 00 

5,000 00 

14,000 00 

5,000 00 

4,000 00 

1,000 00 



$40,800 00 $31,200 00 



Summary of Assets Dec, 81, 1897. 
Loans on mortgage of real estate (first liens*), $149,539 00 



Interest due or accrued thereon, 
Stocks, bonds, etc , as per schedule, . 
Loans on collateral security, as per schedule, 
All other cash loans, ..... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest clue and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



2,356 00 

420,820 00 

31,200 00 

58,521 00 

5,420 55 
26,179 07 

2,193 55 
13,725 31 



$709,951 48 



* Value of lands mortgaged, $125,930 00 

Value of buildings thereon, 141,050 00 

Amount of insurance held as collateral, .... 117,300 00 



80 traders' and mechanics' mutual FIRE INSURANCE CO. 



Liabilities. 

Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Commissions and brokerage, .... 
Gross liabilities, 

Net cash assets, ...... 



$350,501 79 
9,060 04 
1,713 79 



361,275 62 

$348,678 86 



Income. 

Premiums outstanding Dec. 31, 1896, . . $7,117 17 

Premiums on risks written or renewed, . . 217,054 55 

Total, 122-1,171 72 

Premiums now in course of collection, . . 13,725 31 

Entire premiums collected, . f 210,446 41 

Less reinsurance and return premiums, . . 6,334 23 

Net cash premiums received, .... 

Received for extra premiums, 

Interest received on mortgages, . . 

Interest and dividends received from all other sources, . 

Gross cash income, 



$204,112 18 
1,220 07 
8,312 61 

24,342 74 

1237,987 60 



Expenditures. 
Cash paid for losses, ..... 
as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for rents, 

Gross cash expenditures, .... 



|61,836 17 

99,795 64 

30,745 75 

17,731 59 

2,297 49 

1,600 00 

$214,006 64 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1896, $43,204,459 00 ! 
Risks written during 1897, . 13,800,839 00 



Cash Prem's. Conting't Prem's. 

5672,076 91 $672,076 91 
217,054 55 217,054 55 



Total, . . ' . . $57,005,298 00 $889,131 46 $889,131 46 
Risks terminated during 1897, 12,692,375 00 200,023 96 200,023 96 



In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



. $44,312,923 00 
14,175 00 



. $44,298,748 00 



,853 75 



,107 50 $689,107 50 
253 75 253 75 



,853 75 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 20, 50 and 70 per cent. 



11,836 00 



WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE CO. 81 



WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE 
COMPANY, SPRINGFIELD. 

[Incorporated Jan. 18, 1894. Commenced business Feb. 15, 1894.] 
ELI8HA MORGAN, President. CHAS. E. STICKNEY, Secretary. 

Summary of Assets Dec. 31, 1897. 

Cash in the office of the company, . . . $362 65 

Cash in hands of collecting agents, . . . 119 95 
Due on account of assessments, 155,231 05 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, $343 39 

Unearned premiums on outstanding risks, . 2 43 

Return premiums on cancelled policies, . . 3,189 19 

Due and accrued for rent, salaries, etc., . . 4,610 51 

Commissions and brokerage, .... 2 82 
Gross liabilities, 



Impairment, 



Income. 

Premiums outstanding Dec. 31, 1896, 
Interest and dividends received from all sources, 
Received from assessments, .... 
Income from all other sources, 

Gross cash income, 

Expenditures. 
Cash paid for losses, 

for salaries of employees, 
for State and local taxes, 
for rents, .... 
for assessment expense, . 
for incidentals, . 

Gross cash expenditures, . 

Risks and Premiums. 



Risks outstanding Dec. 31, 1896 
Risks written during 1897, 

Total, 
Risks terminated during 1897 

In force at end of year, . 



$482 60 



8,148 34 
17,665 74 



$4 


86 


6 


23 


5,848 


36 


2 


10 



,861 55 



$6,799 


46 


730 00 


80 50 


183 


34 


1,504 


11 


880 


69 



,178 10 



Amount. 


Cash Prem's. 


Conting't Prem's. 


$600 00 


$4 86 


$14 58 


600 00 


4 86 


14 58 



$1,200 00 
600 00 



$9 72 
4 86 

$4 86 



$600 00 

Miscellaneous. 
Assessments laid on deposit notes or contingent premiums, . 



$29 16 
14 58 

$14 58 



$22,500 00 



82 



WEST NEWBURY MUTUAL FIRE INSURANCE CO. 



WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, WEST 

NEWBURY. 

[Incorporated March, 1828. Commenced business April, 1828.] 

CHAS. W. ORDWAY, President. HENRY T. BAILEY, Secretary. 

[Note. — This company charges no cash premiums, but relies upon assessments on deposit 
notes to pay losses and expenses.] 

Summary of Assets Dec. 31, 1897. 
Cash deposited in bank, , $252 39 

Unpaid assessments, 700 00 

Office furniture, . . . . $100 00 

Gross assets, — $952 39 



Unpaid losses, . 
Due for borrowed money, 
Gross liabilities, 

Balance against company, 



Liabilities. 



$150 00 
2,500 00 



2,650 00 
$1,697 61 



Income. 



Income from policy fees, . 
Assessment on deposit notes, 
(Borrowed money, $2,500.) 

Gross cash income, . 



$137 50 
6,209 36 



1,346 86 



Expenditures 
Cash paid for losses, .... 

for commissions and brokerage, 
for salaries of officers, 
for State and local taxes, 
for interest, .... 
for rents and incidentals, 
(Borrowed money repaid, $4,000.) 

Gross cash expenditures, . 



$4,117 81 


125 05 


384 50 


55 61 


289 78 


64 54 



>,037 29 



Risks outstanding Dec. 31, 1896, 
Risks written during 1897, 



Risks and Premiums. 

Amount. Conting't Prem's. 

$2,579,613 00 $154,677 28 

380,685 00 23,222 43 



Total, 

Risks terminated during 1897, . 

In force at end of year, . 



$2,960,298 00 $177,899 71 
374,129 00 20,482 99 



$2,586,169 00 $157,416 72 



WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 83 



Miscellaneous. 

Losses incurred during the year, $3,368 00 

Assessments laid on deposit notes or contingent premiums, . 6,972 00 



WORCESTER MANUFACTURERS' MUTUAL INSURANCE COM- 
PANY, WORCESTER. 

[Incorporated March 31, 1855. Commenced business March 31, 1855.] 
PHILIP W. MOEN", President. WALDO E. BUCK, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



Fitchburg R.R. bonds, . 
Old Colony Steamboat Co. bonds, . 
Connecticut River R.R. scrip, . 
Worcester Consolidated Street R.R. bonds, 
Concord & Montreal R.R. bonds, . 
Chicago, Burl. & Quincy R.R. bonds, 
Old Colony R.R. bonds, .... 
Boston & Lowell R R. bonds, . 
Chicago & Eastern Illinois R.R. bonds, . 
Boston & Maine R.R. bonds, . 
City National Bank (Worcester) stock, . 
West End Street R.R. bonds, . 
Rutland Railway bonds, .... 
Connecticut River stock, .... 
Corporation notes, 



Par Value. 

$15,000 00 
15,000 00 
13,000 00 
14,000 00 
20,000 00 
25,000 00 
15,000 00 
20,000 00 
15,000 00 
20,000 00 
6,000 00 
10,000 00 
10,000 00 
10,000 00 



Market Value. 

$15,750 00 
15,750 00 
13,000 00 
14,140 00 
21,100 00 
24,375 00 
16,050 00 
21,000 00 
18,825 00 
23,800 00 
9,000 00 
10,800 00 
10,625 00 
26,000 00 
35,000 00 



$208,000 00 $275,215 00 



Summary of Assets Dec. 31, 1897. 

Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 
Cash deposited in bank, .... 
Interest due and accrued, . . . 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, . . . 

Net cash assets, . . . . . 



. $275,215 00 




21 52 




54,377 37 




2,974 37 




1,703 26 






$334,291 52 




$37 47 




138,838 01 




514 17 






139,389 65 






$194,901 87 



84 



WORCESTER MUTUAL FIRE INSURANCE CO. 



Income. 

Premiums outstanding Dec. 31, 1896, . . $1,301 72 

Premiums on risks written or renewed, . . 291,965 26 

Total, . $293,266 98 

Premiums now in course of collection, . . 1,703 26 

Entire premiums collected, .... $291,563 72 
Less reinsurance and return premiums, . . 12,640 65 

Net cash premiums received, . . . — 

Interest and dividends received from all sources, . 

Gross cash income, 

Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for rents, .... 
for inspections, etc., 
for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31,1896, $33,107,475 00 $264,946 15 
Risks written during 1897, . 37,115,998 00 291,965 26 



Total, $70,223,473 00 $556,911 41 

Risks terminated during 1897, . 34,980,318 00 279,235 39 



$278,923 07 
12,642 77 

$291,565 84 



$6,610 32 
231,214 32 
10,683 60 
2,744 89 
1,000 00 
4,635 00 
1,348 18 

$258,236 31 



Conting't Prem's. 

$1,324,730 75 
1,459,826 30 

$2,784,557 05 
1,396,176 95 



In force at end of year, 



$35,243,155 00 $277,676 02 $1,388,380 10 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1897, 86.759 per cent. 



!,007 00 



WORCESTER MUTUAL FIRE INSURANCE COMPANY, 

WORCESTER. 

[Incorporated Feb. 11, 1823. Commenced business May 1, 1824.] 
JOHN A. FAYERWEATHER, President. ROGER F. UPHAM, Secretary. 

Amount of permanent fund, . . $420,000 00 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

$17,000 00 $24,650 00 
2,200 00 2,970 00 



170 shares Worcester National Bank, 
22 " Central National Bank, . 



WORCESTER MUTUAL FIRE INSURANCE CO. 



85 



50 shares Citizens' National Bank, . 

200 " City National Bank, 
58 " Mechanics' National Bank, 
45 " Quinsigamond National Bank, 
40 " Fitchburg Nat'l Bank, Fitchburg, 
10 " Southbridge Nat'l B'k, Southbridge 
10 " Oxford National Bank, Oxford, 
15 " Blackstone Nat'l Bank, Uxbridge, 
20 " First National Bank, Westborough 
25 " Wachnsett Nat'l Bank, Fitchburg, 

Boston & Maine R.R. bonds, 

Boston & Albany R.R. bonds, . 

Cincinnati, Hamilton & Dayton R R. bonds, 

Portland & Rnmford Falls R.R. bonds, . 

Fitchburg R.R. bonds, .... 

Cheshire R.R. bonds, .... 

Worcester, Nashua & Rochester R.R. bonds, 

Maine Central R.R. bonds, 

Penobscot Shore Line R.R. bonds, . 

Worcester Consolidated Street Railway bonds 

West End Street Railway bonds, 

Rutland R.R. bonds, 

Old Colony R.R. bonds, .... 



Securities held as collateral for cash loans : 

Savings bank books assigned, . 

60 shares Howard Bros. Manufacturing Co., . 

15 " Worcester Gas Light Co., . 



Par Value. 

$5,000 00 

20,000 00 

5,800 00 

4,500 00 

4,000 00 

1,000 00 

1,000 00 

1,500 00 

2,000 00 

2,500 00 

15,000 00 

10,000 00 

12,000 00 

10,000 00 

25,000 00 

7,000 00 

8,000 00 

5,000 00 

5,000 00 

6,000 00 

5,000 00 

3,000 00 

20,000 00 



Market Value. 

$6,750 00 

29,000 00 

4,930 00 

6,525 00 

6,000 00 

1,000 00 

1,000 00 

1,500 00 

2,000 00 

4,375 00 

16,300 00 

10,600 00 

12,600 00 

10,500 00 

26,000 00 

7,070 00 

8,240 00 

5,200 00 

5,150 00 

6,120 00 

5,250 00 

3,150 00 

20,800 00 



$197,500 00 $227,680 00 

Market Value. Loaned Thereon. 

$2,780 06 $1,800 00 

6,000 00 5,000 00 

2,250 00 500 00 



$11,030 06 $7,300 00 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 

All other cash loans, 

Cash deposited in bank, .... 
Interest clue and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



$85,000 00 

363,756 00 

5,890 31 

227,680 00 

7,300 00 

2,775 00 

30,764 93 

3,134 79 

14,183 81 

963 10 



$741,447 94 



* Value of lands mortgaged, $243,150 00 

Value of buildings thereon 494,600 00 

Amount of insurance held as collateral, .... 364,400 00 



86 



WORCESTER MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Losses adjusted, unpaid, $1,000 00 

Unearned premiums on outstanding risks, . 304,937 17 

Return premiums on cancelled policies, . . 129 97 

Profits or surplus on terminated policies, unpaid, 3,325 46 

Commissions and brokerage, .... 3,916 82 

Gross liabilities, 



$313,309 42 



Net cash assets, $428,138 52 



Income. 

Premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash premiums received, . 
Received for extra premiums, . 
Interest received on mortgages, etc., 
Income from rents, 



$9,386 97 
168,020 00 

$177,406 97 
14,183 81 

$163,223 16 
5,993 04 



Gross cash income, 

Expenditures. 

Cash paid for losses, 

Deduct salvage and reinsurance, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for incidentals, ..... 
for repairs on real estate, 

Gross cash expenditures, .... 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1896, $41,068,787 00 
Risks written during 1897, . 11,759,777 00 



f22,681 22 
50 00 



Total, . . . . $52,828,564 00 

Risks terminated during 1897, 10,719,718 00 



Cash Prem's. 

$598,935 91 
168,020 00 

$766,955 91 
162,560 84 



$157,230 12 

1,136 80 

27,810 16 

7,792 79 

$193,969 87 



$22,631 22 

96,144 99 

21,120 36 

13,643 13 

4,478 77 

5,663 87 

1,142 11 

$164,824 45 



Conting't Prem's. 

$598,935 91 
168,020 00 

$766,955 91 
162,560 84 



In force at end of year, 



$604,395 07 $604,395 07 



. $42,108,846 00 

Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1897, 25, 50 and 70 per cent. 



1,587 00 



AGGREGATE. 





$150,000 


Assets. 




Gross present assets, 


$10,955,507 


Liabilities. 




Gross present liabilities, 


|5,550,185 


Income. 




Cash received for premiums during the year, 


$5,276,039 


for interest and dividends, .... 


422,363 


for assessment on deposit notes, . 


16,226 


for rents, ....... 


27,386 


from all other sources, ...... 


10,958 


Gross cash income, 


$5,752,972 


Expenditures. 




Cash paid for losses, 


$963,079 


for brokerage and commission on premiums, . 


314,968 


for salaries and fees of officers and employees, 


288,131 


for interest on borrowed money, 


1,218 


for State and local taxes, ..... 


68,627 


for rents, 


18,337 


for return of profits or surplus, 


3,492,380 


for dividends on guaranty capital, 


9,500 


for all other expenditures, 


182,067 


Total expenditures, 


$5,338,307 


General Items. 




Risks written during the year, 


$547,093,073 


terminated during the year, 


527,296,244 


outstanding at end of year, . . . 


860,266,810 


Amount of contingent premiums received thereon, . 


23,612,772 


of losses incurred during the year, 


990,995 


of permanent fund, ...... 


4,179,493 



MASSACHUSETTS 

Mutual Fiee-Maeine Insueance Companies. 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

December 31, 1897. 



90 



CHINA MUTUAL INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



CHINA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 30, 1853. Commenced business Oct. 1, 1853.] 
EDMUND A. POOLE, President. WILLIAM H. LORD, Secretary. 

Office, 70 Eilby Street. 



Detailed Statement of Stocks 



100 shares Commerce National Bank, 

100 

100 

100 

100 

75 
100 
250 

60 



Hide and Leather National Bank, 

New England National Bank, 

North National Bank, 

Republic National Bank, 

Old Colony Railroad, 

Fitchburg Railroad, 

New York, New Haven &Hart. R.R., 

Boston & Albany R.R., . 



and Bonds. 

Par Value. 

$10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

7,500 00 

10,000 00 

25,000 00 

6,000 00 



Market Value. 

|10,575 00 
10,300 00 
14,600 00 
9,000 00 
14,200 00 
14,062 00 
10,075 00 
46,125 00 
13,200 00 



Securities held as collateral for cash loans : 

31 shares Boston Casting Co., . 
Excess of loan over market value, . 



,500 00 $142,137 00 



Market Value. Loaned Thereon. 

$200 00 $3,000 00 
2,800 00 



$200 00 



$200 00 



Summary of Assets Dec. 31, 1897. 



Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for marine risks, . 

Reinsurance, etc., 

Gross assets, 



$142,137 00 

200 00 

2,599 03 

24,274 43 

41,001 72 

46,651 94 

2,905 08 



$259,769 20 



Liabilities. 



Amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 



,425 00 
5,700 00 

$43,725 00 



CHINA MUTUAL INSURANCE CO. 



91 



Unearned premiums on outstanding risks, . $101,013 38 

Unpaid scrip ordered to be redeemed, . 60 00 

Interest due or accrued on scrip, . . . 726 50 

Commissions and brokerage, etc., . . . 2,500 00 

Gross liabilities, except scrip, . . . 

Surplus as regards policy holders, 

Scrip outstanding, not ordered to be redeemed, . . 

Impairment of scrip reserve, . 



$148,024 88 

$111,744 32 
506,090 00 

$394,345 68 



Income. 

Marine premiums outstanding Dec. 31, 1896, . $118,943 76 
Premiums on risks written or renewed, . . 314,303 04 

Total, $433,246 80 

Premiums now in course of collection, . . 89,153 66 

Entire premiums collected, .... $344,093 14 
Less reinsurance and return premiums, . . 61,656 91 

Net cash marine premiums received, . . 

Interest and dividends received from all sources, . 

Income from promissory notes, 

Gross cash income, 



$282,436 23 
5,940 77 
4,647 95 

$293,024 95 



Expenditures. 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Interest paid scrip holders, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for rent and incidentals, . 

Gross cash expenditures, . 



$274,040 08 
24,912 01 



$249,128 07 
17,713 15 
24,795 84 
15,920 00 
2,124 06 
11,649 20 

$321,330 32 



Marine risks outstanding Dec, 31, 1896, 
Marine risks written during 1897, . 



Risks and Premiums. 

Premiums. 

$5,895,307 00 $215,078 36 
17,077,050 00 314,303 04 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$22,972,357 00 $529,381 40 
17,967,788 00 353,615 63 



i,004,569 00 $175,765 77 
350,375 00 10,492 23 



:,654,194 00 $165,273 54 



92 



INDIA MUTUAL INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Marine and inland losses incurred during the year, 



$16,994,714 00 

. 12,145,000 00 

185,585 00 



INDIA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 29, 1867. Commenced business May 2, 1867.] 

Guaranty Fund paid up in Notes, $140,000. 

H. B. ALDEN, President. GEO. H. CROWELL, Secretary. 

Office, 107 Water Street. 



Detailed Statement of Stocks 



Boston United Gas bonds, 

New York & New England R.R. bonds, . 

150 shares Old Colony R.R., . 

80 ■ 
125 
50 ' 
63 
60 
25 

10 ' 
20 ' 
40 ' 
10 ' 
10 ' 



Boston & Maine R.R., 

West End R.R., 

Chicago, Burl. & Quincy R.R., 

New England R.R., 

New York, New Haven & Hart. R.R 

Fitchburg R.R., 

Boston & Albany R.R., . 

Pullman Palace Car Co., 

Webster National Bank, . 

Hamilton National Bank, 

Everett National Bank, . 



and Bonds. 

Par Value. 

$5,000 00 
5,000 00 

15,000 00 
8,000 00 
6,250 00 
5,000 00 
6,300 00 
6,000 00 
2,500 00 
1,000 00 
2,000 00 
4,000 00 
1,000 00 
1,000 00 



Market Value. 

$4,600 00 

6,000 00 

28,050 00 

13,400 00 

12,875 00 

5,000 00 

5,040 00 

11,040 00 

2,500 00 

2,190 00 

3,460 00 

4,040 00 

1,030 00 

900 00 



Company's own scrip, 



1,801 00 



Securities held as collateral for cash loans : — 

5 shares Simpson Patent Dry Dock, . 
Corporation note, 



,050 00 $100,125 00 



Market Value. Loaned Thereon. 

$300 00 $250 00 
100 00 100 00 



$400 00 



$350 00 



Summary of Assets Dec. 31, 1897. 

Stocks and bonds, as per schedule, . . . $100,125 00 

Loans on collateral security, as per schedule, . 350 00 

Cash deposited in bank, 3,745 21 

Premiums in course of collection (gross), . 2,906 40 
Subscription notes on time, not exceeding 

twelve months, not yet due, .... 140,000 00 
Prem's more than three mos. due, . $412 76 

Gross assets, .... 



$247,126 61 



INDIA MUTUAL INSURANCE CO. 



93 



Liabilities. 
Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Interest due or accrued on scrip, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Reinsurance, 

Gross liabilities, except guaranty fund, 

Surplus as regards policy holders, . 

Guaranty fund, 

Scrip outstanding, not ordered to be redeemed, 

Impairment of scrip reserve, . 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Marine premiums received, .... 
Interest and dividends received from all sources, 
Income from rents, etc., . . . . . 



$3,738 21 
2,248 78 

$5,986 99 
3 00 



$5,983 99 

29,307 55 

407 69 

141 75 

482 28 
82 18 


$36,405 44 




$140,000 00 
150,471 00 


$210,721 17 
290,471 00 





Gross cash income, 

Expenditures. 
Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 
Cash paid for marine and inland losses, . 

Total, 

Deduct marine salvage and reinsurance, . 
Net cash paid for fire, marine and inland losses, 

Cash dividends paid, 

Interest paid scrip holders, .... 



,749 83 



$5,365 42 




37 50 




$5,327 92 




61,419 78 




$66,747 70 




3,319 16 




$63,428 54 




10,030 60 






$53,397 94 




. 


60 00 


. 


3,789 60 




642 50 


. 


$57,890 04 


$19,842 76 




208 53 




$19,634 23 




451 31 




$20,085 54 




1,171 36 






$18,914 18 




. 


2,800 00 


. . . 


3,759 34 



94 



INDIA MUTUAL INSURANCE CO. 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent, etc., ..... 



Gross cash expenditures, . 



$10,562 


14 


6,400 


00 


157 


42 


2,753 


83 



,346 91 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



Premiums. 

^3,545,231 00 $46,991 47 
5,194,231 00 61,419 78 



^8,739,462 00 $108,411 25 
4,142,184 00 50,047 33 



$4,597,278 00 $58,363 92 
224,968 00 1,988 45 



t,372,310 00 $56,375 47 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



. $3,585,108 00 

. 2,571,695 00 

20,662 00 



AGGREGATE. 



Whole amount of guaranty fund, in subscription notes, 
Whole amount of outstanding scrip not cancelled, . 



Assets. 



Gross present assets, 



Liabilities. 



Gross present liabilities, 

Income. 
Cash actually received for fire premiums, . 
actually received for marine premiums, 
for interest and dividends from all sources, 
from all other sources, 

Gross cash income, 

Expenditures. 

Cash actually paid during the year for fire losses, 

actually paid during the year for marine losses, 
for brokerage and commissions on premiums, 
for salaries and pay of officers and employees, 
for State and local taxes, .... 
for office agency and incidental expenses, . 

Interest paid scrip holders, 

Dividends paid on subscription notes, . 

Gross cash expenditures, .... 

Miscellaneous. 

Whole amount of fire risks written during the year, 
premiums charged or receivable thereon, 
marine risks written during the year, 
premiums charged or receivable thereon, 
fire risks terminated during the year, 
marine risks terminated during the year, 
fire risks outstanding at end of year, 
marine risks outstanding at end of year, . 
fire losses incurred during the year, 
marine losses incurred during the year, . 



$140,000 00 
656,561 00 



$506,896 00 



$184,430 00 



$53,398 00 

282,496 00 

9,731 00 

5,290 00 

$350,915 00 



$18,914 00 

249,128 00 

35,358 

22,320 

2,282 

14,403 

21,472 

2,800 



00 
00 
00 
00 
00 
00 



$366,677 00 



$5,194,231 00 

61,420 00 

17,077,050 

314,303 

4,142,184 

17,967,788 

4,372,310 

4,654,194 

20,662 00 

185,585 00 



00 
00 
00 
00 
00 
00 



MASSACHUSETTS 

JOINT-STOCK FIRE, MARINE AND FIRE-MARINE 

INSURANCE COMPANIES. 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

December 31, 1897. 



98 



AMEBIC AN INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated June 12, 1818. Commenced business June 12, 1818.] 

Paid-up Capital, $300,000. 

FRANCIS PEABODY, President. HENRY S. BEAN, Secretary. 

Office, 30 Kilby Street. 



Detailed Statement of Stocks 



222 shares Old Boston National Bank, 
200 

45 
170 
142 

62 

66 
152 
280 
100 

28 

69 
578 

13 
200 



Columbian National Bank, 
National Eagle Bank, 
Globe National Bank, 
Hamilton National Bank, 
New England National Bank, 
Suffolk National Bank, . 
State National Bank, 
National Union Bank, 
Merchants' National Bank, 
Tremont National Bank, 
Washington National Bank, 
Boston & Albany Railroad, 
Boston & Lowell Railroad, 
Old Colony Railroad, 
Merrimack Manufacturing Co 

Chicago, Burlington & Quincy R.R. bonds, 

Eastern Railroad bonds, . 

Chicago, Milwaukee & St. Paul R R. bonds, 

Cincinnati, Ind., St Louis & Chic. R.R. bonds 

Massachusetts State bonds, 

United States bonds, ..... 



and Bonds. 

Far Value. 

$22,200 00 
20,000 00 

4,500 00 
17,000 00 
14,200 00 

6,200 00 

6,600 00 
15,200 00 
28,000 00 
10,000 00 

2,800 00 

6.900 00 
57,800 00 

6,500 00 
20,000 00 

8,000 00 
50,000 00 
20,000 00 
25,000 00 
40,000 00 
18,000 00 

6,000 00 



Market Value. 

$22,810 50 
16,275 00 

3,375 00 
14,832 50 
14,661 50 

9,067 50 

6,814 50 
16,720 00 
36,470 00 
15,775 00 

1,988 00 

6,900 00 

126,582 00 

14,560 00 

37,850 00 

8,000 00 
49,500 00 
24,000 00 
31,875 00 
40,400 00 
19,080 00 

7,695 00 



$404,900 00 f525,231 50 



Securities held as collateral for cash loans : - 
200 shares Essex County Building Co., . 

Summary of Assets Dec. 31, 1897. 

Stocks and bonds, as per schedule, . . . $525,231 50 

Loans on collateral security, as per schedule, . 15,000 00 

Cash in the office of the company, . . . 2,222 82 



Market Value. Loaned Thereon. 

$20,000 00 $15,000 00 



AMERICAN INSURANCE CO. 



99 



Cash deposited in bank, $37,471 56 

Interest due and accrued, 2,367 85 

Premiums in course of collection (gross), . 41,968 40 
Prem's more than three mos. due, . $191 52 

Gross assets, 



$624,262 13 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, , 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 
Reinsurance and return premiums, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$9,456 53 
23,794 07 

$33,250 60 
833 00 

$32,417 60 

122,155 83 

2,281 70 

242 78 

7,844 07 

8,472 86 



173,414 84 



,847 29 
300,000 00 

$150,847 29 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, ..•'.. 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 

Gross cash income, 



$26,830 13 
238,348 51 

$265,178 64 
42,159 92 

$223,018 72 
55,596 23 



$167,422 49 
22,748 00 

,170 49 



Expenditures. 
Cash paid for fire losses, ..... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents and incidentals, 

Gross cash expenditures, .... 



$111,311 22 
25,353 76 



$85,957 46 
18,000 00 
34,561 48 
20,500 75 
6,621 32 
12,541 97 

$178,182 98 



100 



BOSTON MARINE INSURANCE CO. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

. $29,824,862 00 $338,200 45 
. 22,071,177 00 238,142 93 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



.$51,896,039 00 $576,343 38 
. 23,631,597 00 260,465 97 



,264,442 00 
5,613,446 00 



515,877 41 
61,822 43 



. $22,650,996 00 $254,054 98 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (6 per cent.), . 

Company's stock owned by directors, 



$11,958,919 00 

8,234,645 00 

91,463 00 

2,815,500 00 

18,000 00 

51,300 00 



BOSTON MARINE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1874.] 

Paid-up Capital, $1,000,000. 

RANSOM B. FULLER, President. THOMAS H. LORD, Secretary. 

Office, 95 Kilby Street. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Boston city bonds, $125,000 00 $139,462 50 

Chicago, Burlington & Quincy R.R. bonds, . 41,000 00 44,375 00 

West Shore R R bonds, . . . . . 5,000 00 5,550 00 

Boston & Lowell R.R. bonds, . . . . 25,000 00 27,000 00 

Brookline Gas Light Company bonds, . . 25,000 00 25,250 00 

Newton city bonds, 25,000 00 27,000 00 

Oregon Short Line R.R. bonds, ... 10,500 00 12,868 75 

Louisville, Evansville & St. Louis R.R. bonds, 2,000 00 2,050 00 

Fitchburg R.R. bonds, . . . ... 40,000 00 42,768 75 

Wisconsin Central R.R. bonds, . ... 20,000 00 6,800 00 

Union Pacific, Lincoln & Col. R.R. bonds, . 25,000 00 8,500 00 

Atchison, Top^ka & Santa Fe R.R. bonds, . 86,000 00 67,287 50 

Toledo, St. Louis & Kansas City R.R. bonds, . 20,000 00 17,400 00 

Chicago, Burlington & Quincy R.R. stock, . 54,000 00 53,730 00 

Iron Railway Co stock, . . . . . 29,700 00 14,850 00 

Atchison, Topeka & Santa Fe R.R. stock, . 56,500 00 17,373 75 

Manchester Mills stock, 20,000 00 20,000 00 

Boston & Albany R.R. stock, 25,000 00 54,750 00 



BOSTON MARINE INSURANCE CO. 



101 



Boston & Lowell R.R. stock, . 

Fitchburg R.R. stock, .... 

Lake Shore & Michigan Southern R.R. stock, 

N. Y. Central & Hudson River R.R. stock, 

N. Y., New Haven & Hartford R.R. stock, 

Old Colony R.R. stock, . 

Pullman Palace Car Co. stock, 

Connecticut & Passumpsic R.R. stock, 

Atlantic Bank stock, . 

Atlas Bank stock, 

Beverly Bank stock, . 

Brookline Bank stock, 

Columbian Bank stock, 

Commercial Bank stock, . 

Continental Bank stock, . 

Eagle Bank stock, 

Eliot Bank stock, 

Exchange Bank stock, 

First Bank stock, 

First Bank, Salem, stock, . 

Freeman's Bank stock, 

Globe Bank stock, 

Grand Bank, Marblehead, stock, 

Hamilton Bank stock, 

Hide and Leather Bank stock, 

Howard Bank stock, . 

Lincoln Bank stock, . 

Mercantile Bank, Salem, stock, 

Merchants 1 Bank stock, 

Merchants' Bank, Salem, stock, 

Naurnkeag Bank, Salem, stock, 

New England Bank stock, 

North Bank stock, 

Old Boston Bank stock, . 

Railroad Bank, Lowell, stock, 

Republic Bank stock, 

Revere Bank stock, . 

Second Bank stock, . 

State Bank stock, 

Suffolk Bank stock, . 

Tremont Bank stock, 



Securities held as collateral for cash loans : — 

25 shares Boston & Bangor S.S. Co., 

United States bonds, 



Par Value. 

$10,000 00 
25,000 00 
10,000 00 
25,000 00 
25,000 00 
10,000 00 
20,000 00 

5,000 00 
10,000 00 
11,000 00 
13,000 00 
10,000 00 
12,000 00 
36,500 00 
20,000 00 
15,200 00 
30,000 00 
10,000 00 
10,000 00 
10,000 00 
20,000 00 
15,000 00 

1,700 00 
10,000 00 
11,000 00 
10,000 00 
16,600 00 
10,000 00 
25,000 00 

5,000 00 
10,000 00 
15,000 00 
10,000 00 
10,000 00 

5,000 00 
15,000 00 
20,000 00 
20,000 00 
30,000 00 

6,700 00 

5,000 00 



Market Value. 

122,000 00 
25,062 50 
17,100 00 
26,593 75 
46,000 00 
18,750 00 
34,600 00 

7,512 50 
10,625 00 
11,742 50 
18,460 00 
12,000 00 

9,750 00 
29,200 00 
20,000 00 
11,400 00 
35,700 00 
13,000 00 
22,200 00 

8,900 00 
17,000 00 
13,087 50 

2,040 00 
10,325 00 
11,330 00 

8,525 00 
12,450 00 
10,200 00 
39,437 50 

6,612 50 
12,612 50 
21,900 00 

9,000 00 
10,275 00 

6,450 00 
21,150 00 
16,000 00 
35,200 00 
33,000 00 

6,917 75 

3,500 00 



,223,400 00 $1,294,625 25 



Market Value. Loaned Thereon. 

$ 1,250 00 |750 00 
3,435 00 1,400 00 



f4,685 00 $2,150 00 



102 



BOSTON MARINE INSURANCE CO. 



Summary of Assets Dec. 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Prem's more than three mos. due, . $532 66 
Gross assets, ..... 

Liabilities. 
Amount of unpaid losses, .... 

Unearned premiums on outstanding risks, 

Commissions and brokerage, . 

Reinsurance disallowed, .... 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .'.... 

Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, 

Net collected, .... 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1896, 

Same not collected, 

Net collected, ..... 
Premiums on risks written or renewed, . 

Total, . 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 



31, 1897. 

$21,200 00 
950,350 00 

4,933 53 
1,294,625 25 

2,150 00 
289,549 63 

4,781 05 
156,300 08 
146,334 03 



'J 156,025 00 

409,915 61 

17,035 90 

155 70 



$26,640 19 

1,152 39 

$25,487 80 

361,376 45 

$386,864 25 

50,962 60 

$335,901 65 

96,850 52 

$307,867 95 

497 70 

$307,370 25 

855,739 20 

1,163,109 45 

262,117 45 

$900,992 00 

118,097 86 



!,870,223 57 



- 583,132 21 

. $2,287,091 36 
. 1,000,000 00 

. $1,287,091 36 



$239,051 13 



782,894 14 



* Value of lands mortgaged $2,183,600 00 

Amount of insurance held as collateral 855,480 00 



BOSTON MARINE INSURANCE CO. 



103 



Interest received on mortgages, ..... 
Interest and dividends received from all other sources, . 
Income from rents, etc., ....... 



Gross cash income, ..... 

Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents and incidentals, 

Gross cash expenditures, .... 



,749 44 
11,415 41 

$590,575 97 
57,373 48 



$45,342 23 
57,006 68 
10,862 18 

,135,156 36 



$75,334 03 



533,202 49 
100,000 00 
88,030 14 
97,759 33 
19,188 33 
61,206 57 

|974,720 89 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $10,512,540 00 
. 38,165,350 00 



. $48,677,890 00 
. 19,419,380 00 

. f 29,258,510 00 
. 3,553,280 00 



Premiums. 

$115,565 64 
361,376 45 

$476,942 09 
179,722 49 

$297,219 60 
33,493 04 



. $25,705,230 00 $263,726 56 



. $7,162,827 00 

. 61,993,829 00 

. $69,156,656 00 

. 62,167,572 00 

. $6,989,084 00 

513,868 00 



$492,773 54 
855,739 20 

11,348,512 74 
891,242 49 

$457,270 25 
34,558 65 



,475,216 00 $422,711 60 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$26,565,218 00 
18,513,531 00 
105,815 00 
540,520 00 
1,930,000 00 
100,000 00 
104,000 00 



104 



firemen's FIRE INSURANCE CO. 



FIREMEN'S FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 21, 1872. Commenced business Dec. 30, 1872.] 

Paid-up Capital, $400,000. 

THOMAS W. TUCKER, President. GEO. H. DEARBORN, Secretary pro tern. 

Office, 43 Kilhy Street. 



Detailed Statement of Stocks 



Boston city bonds, . 
Fall River city bonds, 
Lawrence city bonds, 
Quincy city bonds, . 
Haverhill city bonds, 
Brookline town notes, 
Eastern R.R. bonds, . 
Taunton city bonds, . 
Boston & Providence R.R. bonds, 
Old Colony R.R. bonds, 
Boston & Maine R.R. bonds, 
Boston & Lowell R.R. bonds, 
Boston & Albany R.R. bonds, 
Maine Central R.R. bonds, 
Fitchburg R.R. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Kan. City, St Joseph & C. Bluffs R.R. bonds, 
Chicago, Burlington & Northern R.R. bonds, 
Cedar Rapids, Iowa Falls & No. W. R.R. bonds 
St. Paul & North Pacific R.R. bonds, 
Jackson, Lansing & Saginaw R.R. bonds, 
Middlesex County bonds, . 
200 shares National City bank, 
200 
200 
66 
200 
103 
200 
100 
284 



Hamilton National Bank, 
National Eagle Bank, 
Webster National Bank, . 
Revere National Bank, . 
Atlas National Bank, 
Boston National Bank, . 
Old Boston National Bank, 
Atlantic Cotton Mills stock, 

Loan to Arlington Mills, . 

Loan to Manchester Mills, 

Loan to Boston Manufacturing Co., . 

Loan to Merrimack Manufacturing Co., 



and Bonds. 

Par Value. 

$60,000 00 
30,000 00 
20,000 00 

8,000 00 
10,000 00 
18,000 00 
22,500 00 
30,000 00 
25,000 00 
20,000 00 
10,000 00 

1,000 00 
25,000 00 
10,000 00 
25,000 00 
25,000 00 
20,000 00 
25,000 00 
25,000 00 
30,000 00 
10,000 00 
20,000 00 
20,000 00 
20,000 00 
20,000 00 

6,600 00 
20,000 00 
10,300 00 
20,000 00 
10,000 00 
28,400 00 
25,000 00 
25,000 00 
25,000 00 
30,000 00 



Market Value. 

$65,200 00 
31,050 00 
21,400 00 

8,440 00 
10,650 00 
18,202 50 
26,775 00 
32,850 00 
26,750 00 
22,000 00 
10,850 00 

1,040 00 
26,500 00 
10,350 00 
26,000 00 
25,375 00 
24,100 00 
26,750 00 
26,562 50 
38,400 00 
10,300 00 
21,200 00 
14,550 00 
20,650 00 
15,000 00 

6,666 00 
16,000 00 
10,995 25 
18,000 00 
10,275 00 
12,070 00 
25,000 00 
25,000 00 
25,000 00 
30,000 00 



$729,800 00 $739,951 25 



firemen's FIRE INSURANCE CO. 



105 



Summary of Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens*), $112,500 00 

Interest due or accrued thereon, . . . 1,123 16 

Stocks and bonds, as per schedule, . . . 739,951 25 

Cash in the office of the company, . . . 808 93 

Cash deposited in bank, , 41,096 73 

Interest due and accrued, 7,231 67 

Premiums in course of collection (gross), . 13,676 70 
Prem's more than three mos. due, . $73 09 

Gross assets, 



Liabilities. 

Losses reported, 

Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 



Surplus as regards policy holders, . 
Paid-up capital, . 

Surplus over capital, . 



$9,431 


39 


121,307 


69 


112 00 


1,750 


00 


500 


00 


2,302 


94 


200 00 


51 


61 



$916,388 44 



135,655 63 

$780,732 81 
400,000 00 



,732 81 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $9,884 28 

Same not collected, ...... 1 20 

Net collected, . . . . . . $9,883 08 

Premiums on risks written or renewed, . . 107,818 35 

Total, $117,701 43 

Premiums now in course of collection, . . 13,849 79 

Entire premiums collected, . . . . $103,851 64 
Less reinsurance and return premiums, , . 12,875 91 

Net cash fire premiums received, 

Interest received on mortgages, ..... 
Interest and dividends received from all other sources, . 



$90,975 73 

5,957 50 

30,951 98 



Gross cash income, 



$127,885 21 



* Value of lands mortgaged $303,600 00 

Value of buildings thereon, 148,400 00 

Amount of insurance held as collateral, . 230,000 00 



106 



MERCANTILE FIEE AND MARINE INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for lire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employee; 
for State and local taxes, 
for rent and incidentals, . 

Gross cash expenditures, .... 



£40,372 22 
3,921 61 



$36,450 61 

32,040 00 

13,994 31 

16,581 50 

4,873 84 

8,345 97 

§112,286 23 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total. 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



.835,671,362 00 
. 12,430,299 00 



Premiums. 

$329,984 38 
107,818 35 



.$48,101,661 00 f437,802 73 
. 15,659,163 00 139,180 20 



. $ 32,442,498 00 $ 298,622 53 
805,786 00 7,857 04 



. $31,636,712 00 $290,765 49 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, . 



13,144,751 00 

1,597,798 00 

42,038 00 

741,000 00 

32,000 00 

17,700 00 



MERCANTILE FIRE AND MARINE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Feb. 11, 1823. Commenced business May, 1823.] 

Patd-up Capital, $400,000. 

GEO. R. ROGERS, President. JAMES SIMPSON, Secretary. 

Office, 47 Kilby Street. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Atlantic National Bank stock, .... f 10,000 00 §10,625 00 

City National Bank stock, .... 20,000 00 14,550 00 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



107 



Columbian National Bank stock, 

Eagle National Bank stock, 

Globe National Bank stock, 

Hamilton National Bank stock, 

New England National Bank stock, 

North National Bank stock, 

Railroad National Bank stock, 

State National Bank stock, 

Suffolk National Bank stock, 

Tremont National Bank stock, 

Union National Bank stock, 

Boston & Providence R.R. stock, 

Chicago, Burlington & Quincy R.R. stock, 

Lyman Mills stock, . 

Oregon Railway & Navigation Co. stock 

City of Boston bonds, 

Kansas City, Fort Scott & Memphis R.R. bonds 

Oregon Railway & Navigation Co. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Concord & Montreal R R bonds, 

Old Colony R.R. bonds, . 

City of Cambridge, Mass., bonds, 

Boston & Albany R.R. bonds, 

Boston & Lowell R.R. bonds, 

City of Lowell, Mass., bonds, 

Boston & Maine R.R. bonds, 

City of Taunton bonds, 

Fitchburg R.R. bonds, 

Phila., Wilmington & Baltimore R.R. bonds, 

City of Providence, R.I., bonds, 



Par Value, 

|20,000 00 
21,400 00 
30,000 00 
12,000 00 
16,000 00 
20,000 00 

1,800 00 
17,800 00 
35,600 00 
10,000 00 
20,000 00 
20,000 00 
10,000 00 
10,000 00 

3,500 00 
10,000 00 

5,000 00 

2,000 00 

1,000 00 
10,000 00 
25,000 00 

5,000 00 
15,000 00 

5,000 00 

5,000 00 
10,000 00 

5,000 00 
14,000 00 

7,000 00 
10,000 00 



Market Value. 

$16,200 00 

16,050 00 

26,100 00 

12,180 00 

23,360 00 

18,000 00 

2,322 00 

19,580 00 

36,668 00 

7,000 00 

26,000 00 

53,600 00 

9,950 00 

6,500 00 

2,441 00 

10,850 00 

5,150 00 

1,860 00 

1,090 00 

10,550 00 

26,937 00 

5,400 00 

15,900 00 

5,250 00 

5,437 00 

10,800 00 

5,450 00 

14,190 00 

7,315 00 

11,350 00 



$407,100 00 $438,655 00 



Summary of Assets Dec. 31, 1897. 



Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, ..... 



$135,600 00 

1,220 45 

438,655 00 

1,070 77 

37,833 35 

1,553 29 

21,778 64 



$637,711 50 



* Value of lands mortgaged $134,000 00 

Value of buildings thereon 142,700 00 

Amount of insurance held as collateral, .... 140,300 00 



108 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



Liabilities. 

Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, 

Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$11,053 35 
1,697 00 

$'12,750 35 
3,751 07 



$8,999 28 




148,777 79 




405 86 




43 32 




3,946 92 




2,361 04 




398 94 




= 


$164,933 15 



Surplus over capital, . 



$472,778 35 
400,000 00 

$72,778 35 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 



Total, $245,971 33 

Premiums now in course of collection, . . 21,778 64 

Entire premiums collected, . $224,192 69 

Less reinsurance and return premiums, . . 52,661 87 

Net cash fire premiums received, . . . — — - f 171,530 82 

Interest received on mortgages, 4,530 00 

Interest and dividends received from all other sources, . . 19,304 33 



$24,357 40 
221,613 93 



Gross cash income, . . . ... , . $195,365 15 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, . 



,201 84 
24,000 00 
39,509 99 
21,496 25 
3,631 80 
11,538 01 



Gross cash expenditures. 



$160,377 89 



NORTH AMERICAN INSURANCE CO. 



109 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

.f30,253,267 00 $331,768 18 
. 21,165,675 00 221,613 93 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.$51,418,942 00 $553,382 11 
. 20,889,338 00 222,818 10 



.$30,529,604 00 $330,564 01 
. 3,766,431 00 40,135 64 



,763,173 00 $290,428 37 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (6 per cent.), . 

Company's stock owned by directors, .... 



£8,622,733 00 

5,861,971 00 

57,319 00 

2,244,720 00 

24,000 00 

11,500 00 



NORTH AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated December, 1872. Commenced business Jan. 1, 1873.] 

Paid-up Capital, $200,000. 

EUGENE E. PATRIDGE, President. CHARLES E. MACULLAR, Secretary. 

Office, 59 Kilby Street. 



Detailed Statement of Stocks 



Newton city bonds, ..... 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Northern Pacific R.R. bonds, . 

Union Pacific R.R bonds, . 

Oregon Railway & Nav. bonds, 

Kan. City, Memph. & Birmingham R.R. bonds 

Consolidated R.R. of Vermont bonds, 

Ogdensburg & Lake Champlain R.R. bonds, 

Boston & Maine R.R. bonds, 

138 shares Boston National Bank, . 

50 ' 
100 ' 

17 

95 ' 

29 



City National Bank, 

Eliot National Bank, 

Exchange National Bank, 

Globe National Bank, 

Hide and Leather National Bank, 



and Bonds. 

Par Value. 

$15,000 00 
5,000 00 
5,000 00 
4,000 00 
6,000 00 

12,000 00 
7,000 00 
5,000 00 
4,000 00 

10,000 00 

13,800 00 
5,000 00 

10,000 00 
1,700 00 
9,500 00 
2,900 00 



Market Value. 

$16,875 00 
7,050 00 
4,725 00 
4,740 00 
4,920 00 

13,440 00 
3,112 50 
3,125 00 
3,600 00 

12,025 00 

12,420 00 
5,000 00 

12,000 00 
2,210 00 
8,288 75 
2,987 00 



110 



NORTH AMERICAN INSURANCE CO. 



150 shares Merchants' National Bank, 
143 " Old Boston National Bank, . 

50 " Shoe and Leather National Bank, 
100 " State National Bank, 

67 " Suffolk National Bank, . 
American Sugar Refinery Co. stock, 
Northern R R. Co. stock, .... 



Par Value. 

$15,000 00 
14,300 00 

5,000 00 
10,000 00 

6,700 00 
10,000 00 

5,000 00 



Market Value. 

$23,662 50 
14,093 25 

4,700 00 
11,000 00 

6,917 75 
14,250 00 

7,731 25 



Securities held as collateral for cash loans : — 



N. Y., New Haven & Hartford R R. bonds, 



$181,900 00 $198,873 00 



Market Value. 

$27,500 00 



Loaned Thereon. 

$25,000 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest flue or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office and in bank, . 
Interest clue and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prem's more than three mos. due, . f 350 10 
Gross assets, 



31, 1897. 

$38,300 00 

93,900 00 

1,283 33 

198,873 00 

25,000 00 

12,758 06 

1,538 66 

24,928 43 

510 50 



$397,091 98 



Liabilities. 



Losses adjusted, unpaid, .... 
Losses claimed and reported, . 


$1,121 77 
9,413 88 




Total amount of losses, .... 
Less reinsurance, . . 


$10,535 65 
1,881 66 




Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums, ..... 
Reinsurance disallowed, . . . . 
Gross liabilities, except capital, 


$8,653 99 
124,218 11 

' 4,782 62 

275 10 

57 34 


137,987 16 


. 


Surplus as regards policy holders, . 
Paid-up capital, ..... 


$259,104 82 
200,000 00 


Surplus over capital, . 


$59,104 82 


* Value of lauds mortgaged, .... 


. $59,300 
109,600 


00 
00 



Amount of insurance held as collateral, 



97,650 00 



NORTH AMERICAN INSURANCE CO. 



Ill 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, . . . . 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, etc., . 



Gross cash income, 



other 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for rents and incidentals, . 

Gross cash expenditures, . 



|23,856 29 

104 20 

$23,752 09 

183,434 21 

$207,186 30 

25,278 53 

$181,907 77 

67,124 98 



sources, 



,847 72 
11,044 56 



$114,782 79 

5,013 47 

10,516 08 

3,024 98 

$133,337 32 



$77,803 16 

12,000 00 

23,758 82 

17,800 00 

2,725 88 

7,007 98 

$141,095 84 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

. $32,125,016 00 $328,265 78 
. 17,958,235 00 183,434 21 



Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount reinsured, 

Net amount in force, . 



.$50,083,251 00 
. 19,013,998 00 



5511,699 99 

197,189 77 



.$31,069,253 00 $314,510 22 
. 6,698,061 00 62,892 04 



.$24,371,192 00 $251,618 18 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (6 per cent.), . 

Company's stock owned by directors, 



53,046,127 00 

1,484,003 00 

72,136 00 

345,000 00 

12,000 00 

30,000 00 



112 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY, 

SPRINGFIELD. 

[Incorporated 1849. Commenced business 1851.] 

Paid-up Capital, $1,500,000. 
A. W. DAMON", President. S. J. HALL, Secretary. 



Detailed Statement of Stocks 



United States bonds, 

Amherst (Mass.) Water Co. bonds, . 

Ann Arbor (Mich ) Water Co. bonds, 

Berkshire (Mass.) Water Co. bonds, 

Wakefield (Mass.) Water Co. bonds, 

Swift & Co. (Chicago) bonds, . 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago, Burlington & Northern R.R. bonds, 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Chicago & Northwestern R R. bonds, 

Kansas City, St. Jos. & Coun. Bluffs R.R. bonds, 

New York & Harlem R.R. bonds, . 

New York, New Haven & Hartford R.R. bonds, 

St. Paul, Minneapolis & Manitoba R.R. bonds, 

Union Pacific R.R. bonds, . 

1,500 shares Boston & Albany R.R., 

634 ' 

550 ' 

400 ' 

500 ' 

563 ' 
1,000 ' 
2,050 ' 

500 ' 

600 ' 

240 

300 

500 
1,500 

203 

100 

104 

100 

200 

200 

127 

200 

215 

100 

100 



R.R 



Chicago & Alton R.R , . 
Chicago, Mil. & St. Paul R.R., 
Connecticut River R.R., 
Conn. & Passumpsic Rivers 
Illinois Central R.R., . 
New York & Harlem R R., 
N. Y., N. H. & Hartford R.R., 
Old Colony R.R., . 
Pennsylvania R.R , 
Rome, Watert'n & Ogdens. R.R., 
Holyoke Street Railway, 
Springfield Street Railway, 
West End Street Railway, 
Agawam Nat'l Bank, Springfield 
Chapin Nat'l Bank, Springfield, 
Chicopee N'l Bank, Springfield, 
City Nat'l Bank, Springfield, 
First Nat'l Bank, Springfield, 
John Hancock N'l B'k, Springfield, 
Pynchon Nat'l Bank, Springfield, 
Second Nat'l Bank, Springfield, . 
Third Nat'l Bank, Springfield, . 
Atlas National Bank, Boston, 
Boston National Bank, Boston, . 



and Bonds. 

Par Value. 

|88,000 00 
16,000 00 
50,000 00 
15,000 00 
50,000 00 
50,000 00 
26,000 00 
11,000 00 
10,000 00 
50,000 00 

100,000 00 
10,000 00 
60,000 00 
50,000 00 
47,000 00 

150,000 00 
63,400 00 
55,000 00 
40,000 00 
50,000 00 
56,300 00 
50,000 00 

205,000 00 
50,000 00 
30,000 00 
24,000 00 
30,000 00 
50,000 00 
. 75,000 00 
20,300 00 
10,000 00 
10,400 00 
10,000 00 
20,000 00 
20,000 00 
12,700 00 
20,000 00 
21,500 00 
10,000 00 
10,000 00 



Market Value. 

$106,750 00 

16,000 00 

50,000 00 

15,000 00 

50,000 00 

50,000 00 

26,000 00 

11,000 00 

14,000 00 

57,000 00 

120,000 00 

10,000 00 

84,000 00 

60,000 00 

47,000 00 

322,500 00 

101,440 00 

77,000 00 

100,000 00 

52,500 00 

56,300 00 

157,500 00 

369,000 00 

92,500 00 

31,500 00 

28,800 00 

57,000 00 

100,000 00 

140,000 00 

20,300 00 

13,000 00 

16,120 00 

14,700 00 

22,000 00 

22,000 00 

17,145 00 

27,000 00 

45,150 00 

10,500 00 

9,000 00 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



11 



Boylston National Bank, Boston, 
Eliot National Bank, Boston, . 
Freeman's National Bank, Boston, 
Howard National Bank, Boston, 
Merchants 1 Nat'l Bank, Boston, 
N'l B'k of Commonwealth, Boston, 
Nat'l Bank of Commerce, Boston, 
National Exchange Bank, Boston, 
New England Nat 1 ! Bank, Boston, 
Old Boston Nat'l Bank, Boston, 
Shawmut Nat 1 ! Bank, Boston, 
Tremont Nat'l Bank, Boston,. 
Washington Nat'l Bank, Boston, 
Webster National Bank, Boston, 
First National Bank, Chicopee, 
Franklin Co. N'l B'k, Greenfield, 
City National Bank, Holyoke, 
First National Bank, Lynn, 
Monson National Bank,Monson, 
Adams Nat'l Bank, North Adams, 
First Nat'l Bank, Northampton, 
Northampton N'l B'k, N'hampton, 
Palmer National Bank, Palmer, 
Ware National Bank, Ware, . 
Bank of North America, N. Y., 
Continental National Bank, N. Y., 
Fourth National Bank, N. Y.,. 
Nat'l Bank of Commerce, N. Y., 
St. Paul N'l B'k, St. Paul, Minn., 



Securities held as collateral for cash loans : - 

30 shares Third Nat'l Bank, Springfield, 
100 " Nonotuck Paper Co., Holyoke, 
108 " Parson's Paper Co., Holyoke, . 

68 " Boston & Albany R.R. Co., . 
135 " N. Y , N. H & Hartford R.R. Co., . 

31 " Agawam National Bank, 

30 " Barre, Yt , Water Co 

90 " Revere, Mass., Water Co., 



150 shares 


100 


it 


100 


tc 


300 


(( 


100 


tt 


200 


tt 


100 


(t 


100 


(( 


100 


(4 


100 


It 


100 


It 


50 


It 


100 


tt 


100 


tt 


71 


tt 


67 


tt 


250 


tt 


50 


tt 


31 


tt 


20 


tt 


60 


tt 


100 


tt 


37 


tt 


75 


tt 


100 


tt 


200 


tt 


200 


tt 


100 


tt 


100 


tt 



Par Value. 

M 5,000 00 

10,000 00 

10,000 00 

30,000 00 

10,000 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

7,100 00 

6,700 00 

25,000 00 

5,000 00 

3,100 00 

2,000 00 

6,000 00 

10,000 00 

3,700 00 

7,500 00 

7,000 00 

20,000 00 

20,000 00 

10,000 00 

10,000 00 



Market Value. 

$17,850 00 

11,900 00 

. 8,500 00 

25,500 00 

15,700 00 

28,400 00 

10,500 00 

13,000 00 

14,600 00 

10,200 00 

11,400 00 

3,500 00 

9,900 00 

10,000 00 

10,295 00 

7,035 00 

26,250 00 

6,300 00 

4,340 00 

2,400 00 

7,800 00 

15,000 00 

5,180 00 

8,250 00 

9,450 00 

27,000 00 

36,000 00 

20,500 00 

8,000 00 



$2,039,700 00 $3,004,455 00 



Market Value. Loaned Thereon. 



$6,300 00 
30,000 00 
43,200 00 
14,484 00 
23,355 00 
3,100 00 
4,500 00 
18,000 00 



$2,775 00 
50,000 00 

22,500 00 

1,000 00 

12,000 00 



$142,939 00 $88,275 00 



Summary op Assets Dec. 31, 1897. 
Cash value of unencumbered real estate, . $128,000 00 

Loans on mortgage of real estate (first liens*), 727,770 00 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$564,650 00 
879,550 00 
837,650 00 



114 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



Interest due or accrued thereon, 

Stocks and bonds, as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross) 

Rents due and accrued, 

Gross assets, 
Deduct special deposits in other States, 

Balance, ..... 



$19,473 46 

3,004,455 00 

88,275 00 

16,682 22 

172,590 75 

31,789 44 

317,262 82 

978 16 



1,507,276 85 
93,750 00 

^,413,526 85 



Liabilities. 

Losses adjusted, unpaid, , 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risk 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liabilh^ on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 



|36,918 86 
96,642 68 
24,259 51 

$157,821 05 
12,223 76 

$145,597 29 

1,447,327 05 

63,452 56 

46,304 50 

fl,702,681 40 
15,071 20 



1,687,610 20 

. |2,725,916 65 
. 1,500,000 00 

. $1,225,916 65 



Income. 

Fire premiums outstanding Dec. 31, 1896 
Same not collected, 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortg'acres, 

Interest and dividends received from all other 

Income from rents, .... 

Gross cash income, . 



$308,929 03 
9,572 97 

$299,356 06 
2,136,672 59 

^2,436,028 65 
317,262 82 

.2,118,765 83 
371,741 61 



sources, 



$1,747,024 22 

30,929 62 

137,839 02 

4,539 66 



$1,920,332 52 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



115 



Expenditures. 

Cash paid for fire losses, . .. . . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, , 

for incidentals, ..... 

Gross cash expenditures, . 



$874,678 39 
65,136 24 



,542 15 

150,000 00 

296,773 93 

97,979 96 

70,636 74 

204,524 56 

$1,629,457 34 



Fire risks outstanding Dec. 31, 1896 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums, 

$272,320,920 00 $3,065,623 56 
190,543,690 00 2,136,672 59 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$ 462,864,610 00 $5,202,296 15 
198,207,746 00 2,162,711 87 



$264,656,864 00 $3,039,584 28 
14,965,016 00 139,579 71 



$249,691,848 00 $2,900,004 57 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$39,991,794 01 
24,315,578 92 
800,789 53 
3,554,542 00 
150,000 00 
136,100 00 



AGGREGATE. 



Capital Stock. 
Whole amount of capital actually paid up in cash, . 



Gross present asset's, 



Assets. 



Liabilities. 
Gross present liabilities, ...... 

Income. 
Cash actually received for fire premiums, . 

actually received for marine premiums, . 
for interest and dividends from all sources, 
from all other sources, . * 

Gross cash income, ...... 

Expenditures. 

Cash actually paid during the year for fire losses, 

actually paid during the year for marine losses, 
dividends to stockholders, . ... 
for brokerage and commissions on premiums, . 
for salaries and pay of officers and employees, . 
for State and local taxes, ..... 
for office, agency and incidental expenses, 

Gross cash expenditures, ..... 

Miscellaneous. 
Whole amount of fire risks written during the year, . 
premiums charged or receivable thereon, 
marine risks written during the year, 
premiums charged or receivable thereon, 
fire risks terminated during the year, 
marine risks terminated during the year, 
fire risks outstanding at end of year, 
marine risks outstanding at end of year, 
cash dividends declared during the year, 
fire losses incurred during the year, 
marine losses incurred during the year, . 



13,800,000 00 



9,859,203 00 



2,882,733 00 



2,530,787 00 

782,894 00 

370,139 00 

18,425 00 

'3,702,245 00 



111,145,289 00 
533,202 00 
336,040 00 
496,628 00 
272,117 00 
107,678 00 
305,167 00 

$3,196,121 00 



2,334,426 00 

3,249,058 00 

61,993,829 00 

855,739 00 

296,821,222 00 

62,167,572 00 

380,819,151 00 

6,475,216 00 

336,000 00 

1,169,561 00 

540,520 00 



FIEE, MARINE AND FIRE-MARINE 
INSURANCE COMPANIES 

OF OTHER STATES. 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

December 31, 1897. 



118 



^TNA INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



"JETNA INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated June, 1819. Commenced business August, 1819.] 

Paid-up Capital, $4,000,000. 

WM. B. CLARK, President. WM. H. KING, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, ...... $190,000 00 $220,700 00 

Arizona Territory bonds, . . . . . 15,000 00 15,450 00 

New Mexico Territory bonds, . 10,000 00 10,550 00 

Alabama State bonds, . . . . . . 10,000 00 10,900 00 

Georgia State bonds, 25,000 00 27,000 00 

Mississippi State bonds, 11,000 00 12,320 00 

New Hampshire State bonds, .... 39,500 00 43,845 00 

Tennessee State bonds, ..... 23,000 00 20,930 00 

Hartford County, Conn , bonds, . . . 5,000 00 5,000 00 

Mecklenburg County, N. C, bonds, . . . 67,000 00 80,400 00 

Spokane Co., Wash., court house and jail bonds, 25,000 00 26,500 00 

Talbot County, Ga., court house bonds, . . 11,000 00 11,550 00 

Norwich, Conn., town bonds, .... 100,000 00 124,000 00 

Americus,Ga.,city public bldg. and sch'l bonds, 6,000 00 6,600 00 

Albina, Oregon, city boulevard bonds, . . 25,000 00 31,250 00 

Bainbridge, Ga., city academy bonds, . . 8,000 00 8,800 00 

Boston, Mass., city bonds, .... 30,000 00 34,800 00 

Brooklyn, N. Y., city bonds, .... 1,000 00 1,040 00 

Buffalo, N. Y., city bonds 50,000 00 60,500 00 

Chicago, 111., city bonds, ..... 16,000 00 16,800 00 

Chicago, 111., sanitary district bonds, . . 50,000 00 56,000 00 

City of Sioux Falls, So. Dakota, funding bonds, 25,000 00 25,500 00 

Dallas, Texas, city water and sewer bonds, . 50,000 00 51,500 00 

Dalles City, Oregon, water bonds, . . . 25,000 00 26,750 00 

Dayton, Ohio, city street paving bonds, . . 25,000 00 27,500 00 

Fort Wayne, Ind , city bonds, . 25,000 00 25,750 00 

Fostoria, Ohio, city water bonds, . . . 25,000 00 26,250 00 

Glenville, Ohio, village bonds, . . . . 7,000 00 7,140 00 

Greensboro, N. C, city school bonds, . . 24,000 00 25,200 00 

Greenville, Ala., school bonds, . . . . 20,000 00 21,000 00 

Hamilton, Ohio, city gas works bonds, , . 25,000 00 26,000 00 

Hartford, Conn., city bonds, . . . . . 51,000 00 53,040 00 



^TNA INSURANCE CO. 



119 



Jersey City, N. J., city hall bonds, . 
Kansas City, Kan., improvement bonds, . 
Lexington, Ky., city bonds, 
Lockport, N. Y., city bonds, 
Montreal, Canada, corporation stock, 
Montreal, Canada, harbor bonds, 
New Brunswick, N. J., water bonds, 
Ogden City, Utah, improvement bonds, . 
Port of Portland, Oregon, gold bonds, 
Providence, R. I., city bonds, . 
Rah way, N. J., city bonds, 
Richmond, Va., city bonds, 
Roanoke, Va., city bonds, .... 
St. Louis, Mo., city gold bonds, 
Seattle, Wash., city water and sewer bonds, 
Superior, Wis., city bonds, 
Tacoma, Wash., city water and light bonds, 
Toledo, Ohio, city special bonds, 
Topeka, Kansas, city funding bonds, 
Urbana, Ohio, city bonds, .... 
Watsonville, Cal., school bonds, 
Winston, N. C, city bonds, 
Brooklyn Wharf & Warehouse Co. bonds, 
Loan & Guarantee Co. of Connecticut bonds, 
Central Safety Deposit Co. bonds, Chicago, 
Tacoma Safety Deposit Co. bonds, Chicago, 
North East Sch 1 ! Dist., Hartford, Conn., bonds, 
School District No. 2, Enfield, Conn., bonds, . 
School Dist No. 24, Woodbridge, N. J., bonds, 
State of 111., Mason & Tazewell drain, dist. b'ds, 
Y. M. C. A., Wilmington, N. C, bonds, 
Atlantic Mutual Insurance Co. scrip, 
Albany & Susquehanna R.R. bonds, 
Alabama Central R.R. bonds, . 
Atchison, Colorado & Pacific R.R. bonds, 
Akron <fe Chicago Junction R.R. bonds, 
Buffalo, New York & Erie R R. bonds, 
Canadian Pacific Railway Co. bonds, 
Centralia & Chester R.R. bonds, 
Chesapeake & Ohio R R. bonds, 
Cleve., Col., Cm. & Indianapolis R.R. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Chicago, Milwaukee & St. Paul R.R. bonds, 
Chicago & Northwestern R.R. bonds, 
Chicago North Shore Street Railway Co. bonds 
Chicago, Rock Island & Pacific R.R. bonds, 
Chicago & Western Indiana R.R. bonds, . 
Cincinnati, Dayton & Ironton R.R. bonds, 



Par Value. 

$25,000 00 
13,000 00 
50,000 00 
15,000 00 
19,000 00 
4,000 00 
6,000 00 
18,000 00 
50,000 00 
50,000 00 
22,000 00 
44,750 00 
30,000 00 
50,000 00 
50,000 00 
25,000 00 
25,000 00 
13,000 00 
25,000 00 
25,000 00 
13,000 00 
25,000 00 

100,000 00 

9,000 00 

50,000 00 

50,000 00 

20,000 00 

4,000 00 

4,000 00 

9,000 00 

20,000 00 

55,910 00 

100,000 00 
25,000 00 
50,000 00 
25,000 00 
20,000 00 

100,000 00 
25,000 00 
50,000 00 
85,000 00 

187,000 00 

210,000 00 

191,000 00 
25,000 00 

160,000 00 
95,000 00 
25,000 00 



Market Value. 

$29,500 00 

13,390 00 

54,500 00 

15,750 00 

20,900 00 

4,000 00 

6,600 00 

18,360 00 

56,000 00 

53,500 00 

19,800 00 

49,902 50 

31,800 00 

52,500 00 

51,500 00 

25,000 00 

25,750 00 

14,300 00 

25,750 00 

25,000 00 

13,600 00 

25,000 00 

100,000 00 

9,000 00 

50,000 00 

52,500 00 

20,000 00 

4,000 00 

4,120 00 

9,720 00 

20,000 00 

59,823 70 

121,500 00 

28,000 00 

15,000 00 

24,000 00 

28,000 00 

110,000 00 

22,500 00 

52,750 00 

107,250 00 

204,380 00 

276,687 50 

228,860 00 

26,750 00 

187,900 00 

111,000 00 

27,750 00 



120 



JETNA INSURANCE CO. 



Cincinnati, Hamilton & Dayton R.R. bonds, 

Columbus & Toledo R.R. bonds, 

Connecticut River R R. coupon scrip, 

Dayton & Western R.R bonds, 

Delaware & Hudson Canal Co. bonds, 

Flint & Pere Marquette. R.R. bonds, 

Georgia R.R. & Banking Co. bonds, 

Hartford Street Railway Co. bonds, 

Harlem River & Port Chester R.R. bonds 

Indiana & Lake Michigan R.R. bonds, 

Indianapolis & Vincennes R.R. bonds, 

Jeftersonville, Madison & Indiana R.R, bonds, 

Keokuk & Des Moines R R. bonds, . 

Lake Shore & Michigan Southern R.R. bonds, 

Louisville, New Albany & Chicago R.R. bonds, 

Louisiana & Missouri River R.R. bonds, 

Lehigh Valley Terminal bonds, 

Mahoning Coal R R. bonds, 

Michigan Central R.R. bonds, . 

Minneapolis & St. Louis R.R. bonds, 

Minneapolis Union R.R. bonds, 

Morris & Essex R R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 

New York & Harlem R R. bonds, . 

New York, Lake Erie & Western R.R. bonds, 

New England R.R. bonds, 

New York & New England R.R. bonds, . 

N. Y., New Haven & Hartford R.R. certificates 

N. Y., Susquehanna & Western bonds, . 

Northwestern Union R.R. bonds, 

Norfolk & Western R.R bonds, 

North Chicago Street R.R. Co. bonds, 

Oswego R.R. Bridge Co. bonds, 

Ohio & West Virginia R R. bonds, . 

Pittsburgh, Ft. Wayne & Chicago R.R. bonds 

Port Reading R R. bonds, 

St. Louis, Alton & Terre Haute bonds, . i 

St Paul, Minneapolis & Manitoba R.R. bonds 

St. Paul & Northern Pacific R.R. bonds, 

St. Paul & Sioux City R.R. bonds, . 

Southern Railway Co. bonds, . 

Terre Haute & Peoria R.R. bonds, . 

Toledo & Ohio Central R.R bonds, . 

Vermont Valley R.R. bonds, . 

Wabash R.R. bonds, .... 

West Chicago Street R.R. bonds, 

West Shore R.R. bonds, . . 

Wilmar & Sioux Falls R.R. bonds, . 



Par Value. 

182,000 00 
90,000 00 
15,000 00 
28,000 00 
25,000 00 
50,000 00 
25,000 00 
50,000 00 

150,000 00 
50,000 00 
50,000 00 
18,000 00 
40,000 00 

189,000 00 
25,000 00 
25,000 00 
25,000 00 
30,000 00 
50,000 00 
50,000 00 
50,000 00 

135,000 00 

175,000 00 
10,000 00 
45,000 00 
50,000 00 
50,000 00 
75,000 00 
25,000 00 
25,000 00 
50,000 00 
25,000 00 
50,000 00 
26,000 00 

196,000 00 
25,000 00 
30,000 00 
25,000 00 
50,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
50,000 00 
25,000 00 
50,000 00 
50,000 00 
25,000 00 



Market Value. 

$91,080 00 

105,280 00 
15,150 00 
31,360 00 
36,500 00 
42,500 00 
28,750 00 
51,000 00 

176,000 00 
42,500 00 
60,500 00 
20,340 00 
42,400 00 

196,560 00 
29,250 00 
27,500 00 
27,500 00 
37,500 00 
57,250 00 
62,500 00 
63,000 00 

193,175 00 

209,125 00 
11,000 00 
64,350 00 
63,000 00 
61,000 00 

108,000 00 
27,250 00 
36,125 00 
62,000 00 
26,000 00 
59,000 00 
27,300 00 

277,500 00 
26,000 00 
31,650 00 
31,875 00 
64,500 00 
33,250 00 
23,750 00 
17,500 00 
26,000 00 
55,500 00 
26,750 00 
51,000 00 
55,750 00 
27,500 00 



JETNA INSURANCE CO. 121 

Par Value. Market Value. 

400 shares American Telegraph & Cable Co , $40,000 00 $36,000 i-0 

300 " International Ocean Tel. Co., . 30,000 00 33,000 00 

1,000 « Northwest Telegraph Co., . . 50,000 00 56,000 00 

50 " Connecticut River Co,. . . 5,000 00 1,000 00 

10 " Underwriters' Salvage Co., N Y, 1,000 00 500 00 

84 " Brooklyn Wharf & Warehouse Co, 8,400 00 840 00 

500 " Albany & Susquehanna R.R. Co, 50,000 00 92,500 00 

250 » Bald Eagle Valley R.R. Co, . ' 12,500 00 25,000 00 

150 " Central Ohio R R. Co, . . . 7,500 00 3,600 00 

750 " Clev,Cin.,Chic.&St.L.R.R. Co, 75,000 00 61,500 00 

1,000 " Cleveland & Pittsburgh R.R. Co., 50,000 00 85,000 00 

240 " Chicago, Burl. & Quincy R R. Co, 24,000 00 23,760 00 

350 " Chicago & Northwestern R.R. Co, 35,000 00 57,400 00 

220 " Chic, Rock Is. & Pacific R.R. Co, 22,000 00 20,020 00 

300 " Connecticut River R.R. Co, . . 30,000 00 75,000 00 

500 " Conn. & Passumpsic Riv R R. Co, 50,000 00 52,500 00 

300 " Dayton & Michigan R.R. Co, . 15,000 00 27,000 00 

200 « Dcla. & Bound Brook R.R. Co, . 20,000 00 34,000 00 

400 " Fort Wayne & Jackson R.R. Co, 40,000 00 54,400 00 

100 " Joliet & Chicago R R. Co, . . 10,000 00 16,000 00 

400 " Kal, Allegan. &Gr Rap. R R. Co, 40,000 00 54,000 00 

200 " Keokuk & Des Moines R.R. Co, . 20,000 00 3,000 00 

1,000 " Morris & Essex R.R. Co, . . 50,000 00 85,000 00 

800 " N. Y., Cen. & Hud. Riv. R.R. Co, 80,000 00 85,600 00 

500 " New York & Harlem R.R. Co, . 25,000 00 81,250 00 

1,875 " N. Y, N. H. & Hartford R.R. Co, 187,500 00 343,125 00 

500 " Oswego & Syracuse R.R. Co, . 25,000 00 50,750 00 

1,000 " Pitts, Ft. Wayne & Chic. R R. Co, 100,000 00 172,000 00 

150 " Peoria & Bureau Valley R.R. Co , 15,000 00 27,750 00 

1,000 « Rensselaer & Saratoga R R. Co, . 100,000 00 184,000 00 

200 " Valley (New York) R.R. Co, . 20,000 00 22,500 00 

200 " iEtna Nat'l Bank, Hartford, Conn, 20,000 00 29,000 00 

200 " Am. Nat'l Bank, Hartford, Conn, 10,000 00 14,000 00 

400 " Charter Oak N'l B"k, Hart, Conn, 40,000 00 40,000 00 

188 " City B'k of Hartford, Hart, Conn, 18,800 00 20,116 00 

150 " Conn. River Banking Co, . . 4,500 00 5,250 00 

350 " Farm. & Mech. N'l B'k, Hart, Conn, 35,000 00 40,250 00 

200 " First National Bank, Hart, Conn , 20,000 00 23,000 00 

1,000 " Hartford Nat 1 ! Bank, Hart, Conn, 100,000 00 140,000 00 

550 " Nat'l Exchange B'k, Hart , Conn, 27,500 00 35,750 00 

1,000 " Phoenix Nat'l Bank, Hart, Conn, 100,000 00 125,000 00 

550 " State Bank, Hartford, Conn , . 55,000 00 60,500 00 

400 " Am. Exchange Nat'l Bank, NY, 40,000 00 68,400 00 

400 " Bank of the Manhattan Co , N. Y , 20,000 00 46,000 00 

300 " B'k of N. Y. Nat'l Banking Asso, 30,000 00 72,000 00 

100 " Hanover National Bank, N. Y, . 10,000 00 35,500 00 

300 " Imp. & Traders' Nat'l Bank, N.Y, 30,000 00 160,500 00 

100 " Market & Fulton Nat'l B'k, N. Y, 10,000 00 22,500 00 



122 



^ETNA INSURANCE CO. 



700 shares 


120 


t( 


1,200 


u 


400 


(( 


200 


t< 


500 


u 


200 


(( 


150 


It 


300 


it 


100 


(( 


300 


(( 


200 


(( 


100 


(« 


250 


«( 


100 


(t 


100 


(C 


200 


u 


100 


u 


100 


u 


100 


C( 


150 


ci 


100 


m 


100 


(C 



Merchants 1 National Bank, N. Y. 
Merchants 1 Exch. Nat 1 ! B'k, N. Y, 
Mechanics 1 National Bank, N. Y. 
Metropolitan Nat 1 l Bank, N. Y., 
Nassau Bank, N. Y., 
Natl Bank of Commerce, N. Y., 
N'l B'k of North America, N. Y, 
Nat'l Bank of the Republic, N. Y, 
N'l Butch. & Drovers' B'k, N. Y, 
National City Bank, N. Y., . 
Phenix National Bank, N. Y., 
People's Bank, N. Y., . 
Third National Bank, N. Y , 
Farmers 1 & Mech. Nat'l B'k, Phil 
First Nat'l Bank, Albany, N. Y., 
New Britain National Bank, 
American Loan & Trust Co., N. Y 
Central Trust Co., N. Y., . 
Holland Trust Co., N. Y., . 
Metropolitan Trust Co., N. Y., 
New York Life Ins. & Trust Co, 
United States Trust Co., N. Y., 
Union Trust Co., N. Y., 



Par Value. 

|35,000 00 
6,000 00 
30,000 00 
40,000 00 
10,000 00 
50,000 00 
14,000 00 
15,000 00 
7,500 00 
10,000 00 
6,000 00 
5,000 00 
10,000 00 
25,000 00 
10,000 00 
10,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 
15,000 00 
10,000 00 
10,000 00 



Market Value. 

$51,800 00 

7,410 00 
57,600 00 

5,200 00 

15,000 00 

105,000 00 

18,900 00 

23,250 00 

7,050 00 
72,500 00 

6,000 00 
10,750 00 

5,000 00 
27,000 00 
15,500 00 
16,000 00 

124,000 00 
10,000 00 
31,000 00 
177,150 00 
112,500 00 
101,000 00 



$7,973,360 00$10,416,129 70 



Securities held as collateral for cash loans : — 

25 shares National Bank of Commerce, N. Y., . 
25 " Mechanics' National Bank, N. Y., . 



Market Value. Loaned Thereon. 



$5,250 00 
1,200 00 



$3,600 00 



1,450 00 $3,600 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $225,000 00 

Loans on mortgage of real estate (first liens*), 36,000 00 

Interest due or accrued thereon, . . . 301 12 

Stocks and bonds, as per schedule, . . . 10,416,129 70 

Loans on collateral security, as per schedule, . 3,600 00 

Cash in the office of the company, . . . 1,887 82 

Cash deposited in bank, 782,923 54 

Interest due and accrued, ..... 465 00 

Premiums in course of collection (gross), . 625,012 23 

Gross assets, ...... — 

Deduct special deposits in other States, . . 



-$12,091,319 41 
255,702 50 



Balance, 



$11,835,616 91 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$42,500 00 
40,000 00 
26,500 00 



MTNA INSUKANCE CO. 



123 



Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, , 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Commissions and brokerage, . 
Return premiums and reinsurance, , 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, 



$72,348 51 

305,634 24 

45,283 95 

$423,266 70 
53,676 53 

$369,590 17 

3,062,429 55 

54,737 79 

68,157 62 

91,183 09 

234,127 90 

£3,880,226 12 
176,589 86 



1,703,636 26 



Surplus over capital, . 



|8,131,980 65 
4,000,000 00 

$4,131,980 65 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total,. . . . . . . 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1896, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, ..... 

Deposits received for perpetual fire risks, 



$537,780 61 
4,430,755 67 

$4,968,536 28 
532,350 64 

$4,436,185 64 
796,054 26 

$65,076 06 
315,501 01 

$380,577 07 
92,661 59 

$287,915 48 
111,599 17 



sources, . 

$3,068 98 



5,640,131 38 



176,316 31 
1,984 83 

507,850 55 
4,999 71 



Gross cash income, $4,331,282 78 



124 



MTNA INSUEANCE CO. 



Expenditures. 

Cash paid for fire losses, . . . . . $ 
Deduct salvage and reinsurance, . . 
Net cash paid for fire losses, . . ., . - 

Cash paid for marine and inland losses, . 
Deduct salvage and reinsurance, . ... 
Net cash paid for marine and inland losses, . - 
Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for miscellaneous, .... 
Deposits returned on perpetual fire risks, 

Gross cash expenditures, .... 



1,989,420 45 
158,610 85 

|142,785 05 
46,952 53 



$1,830,809 60 



95,832 52 
720,000 00 
626,285 17 
272,995 39 

83,127 21 
266,980 56 



$469 00 



1,896,030 45 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, . • . .... 
Deduct risks expired and terminated, 

In force at end of year, .... 
Deduct amount reinsured, 

Net amount in force, .... 

Perpetual risks in force (not incl'd above), 

Marine risks outstanding Dec. 31, 1896, . 
Marine risks written during 1897, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount reinsured, 

Net amount in force, . 



$522,911,981 00 

373,663,206 00 

$896,575,187 00 

366,959,586 00 

$529,615,601 00 

38,788,674 00 

$490,826,927 00 

$2,418,528 00 

$3,933,556 00 

101,436,572 00 



Premiums. 

$6,265,664 91 
4,430,755 67 



$10,696,420 58 
4,409.637 59 



$105,370,128 00 

97,977,391 00 

$7,392,737 00 

838,617 00 



5,286,782 99 
463,557 31 



$5,823,225 68 

$57,618 72 

$125,511 21 
315,501 01 



$441,012 22 
235,167 92 



$205,844 30 
22,214 34 



>,554,120 00 $183,629 96 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (18 per cent.), 
Company's stock owned by directors, . 



$145,920,357 00 

81,125,621 00 

1,855,528 00 

99,698 00 

23,633,365 00 

720,000 00 

215,800 00 



AGRICULTURAL INSURANCE CO. 



125 



"AGRICULTURAL INSURANCE COMPANY," WATERTOWN, N. Y. 

[Incorporated 1853.* Commenced business February, 1853.] 

Paid-up Capital, $500,000. 

JEAN" R. ST EB BIN'S, President. W. H. STEVENS, Secretary. 



Detailed Statement of Stocks 



Union Pacific R R. bonds, 

Batopilas Mining Co. bonds, 

El wood Silk Manufacturing Co. bonds, 

Jefferson Power Co. bonds, 

City of Richmond bonds, . 

Dexter Sulphite Pulp & Paper Co. bonds, 

Chicago, Rock Island & Pacific R.R. bonds, 

New York Central & Hudson River R R. stock 

Chicago, Milwaukee & St. Paul R.R. stock, 

Western Union Telegraph stock, 

National Union Bank stock, 

Jefferson County National Bank stock, . 

Watertown National Bank stock, 

Excelsior Carriage Co. stock, . 

Union Building & Loan Co. certificate, . 

Cleveland Building & Loan Co. certificate, 

National Bank & Loan Co stock, 

Adams & Duford Co, stock, 

Securities held for collateral for cash loans 

Chicago & Alton R R. stock, 

First National Bank of Carthage, N. Y., stock 

National Bank of Fayetteville, N. Y., stock, 

Real estate mortgages, .... 

C. R. Remington, Son & Co., stock, . 

Remington Paper Co. stock, .... 

First National Bank of Frankfort, N. Y., stock, 

First National Bank of Herkimer, N. Y., stock, 

Watertown Steam Engine Co. stock, 

Deeds of real estate, .... 

The Bagley & Sewall Co. stock, 

Barber Asphalt Co. stock, 

Batopilas Mining Co. bonds, 

Hudson River Pulp & Paper Co. stock, 

Watertown National Bank stock, 

Ontario Paper Co. stock, . 

Union Carriage and Gear Co. stock, 

First N'l B'k of Richfield Springs, N. Y , stock, 

International Pulp Co. stock, . 



and Bonds, 

Par Value. 

$2,000 00 
200 00 

1,000 00 
27,500 00 
27,000 00 

5,000 00 
25,000 00 
20,000 00 
30,000 00 
108,500 00 
21,360 00 

1,760 00 
10,500 00 

2,500 00 
10,000 00 

5,000 00 
10,000 00 

5,000 00 



Market Value. 

$2,040 00 

200 00 

1,000 00 

27,500 00 

27,000 00 

5,000 00 

26,906 25 

21,325 00 

28,237 50 

97,921 25 

36,045 00 

3,960 00 

19,425 00 

2,500 00 

10,000 00 

5,000 00 

11,000 00 

5,000 00 



; 12,320 00 1330,060 00 



Market Value. 

$7,150 00 

6,250 00 

1,667 50 

53,464 40 

7,000 00 

14,900 00 

11,250 00 

12,150 00 

7,350 00 

21,500 00 

23,700 00 

12,000 00 

4,000 00 

30,000 00 

1,850 00 

8,140 00 

500 00 

6,000 00 

1,100 00 



Loaned Thereon. 

$3,899 91 

5,000 00 

769 06 

43,110 50 

7,046 45 
18,000 00 



6,500 


00 


18,637 


40 


10,000 


00 


8,000 00 


25,000 


00 


3,650 00 


210 


00 


5,000 00 


1,000 


00 



* Organized as mutual, 1853; incorporated as stock, 1863. 



126 



AGEICULTURAL INSURANCE CO. 



N. Y. Central & Hudson River R.R. stock, 

National Union Bank, Watertown, N. Y., stock, 

City National Bank, Watertown, N. Y., stock, 

Watertown N'l B'k, Watertown, N. Y., stock, 

American Express Co. stock, . 

C. R. Remington, Son & Co., stock, . 

Brownville Paper Co. stock and bonds, . 

Willamette Pulp & Paper Co. stock, 

Nat'l Union B'k of Schenectady, N. Y., stock, 

Brockway Sons Co stock, 

Watertown National Bank stock, 

Nat'l Union Bank, Watertown, N. Y., stock, 

Ontario Paper Co. stock, . 

National Bank & Loan Co. stock, 

Taggarts Paper Co. stock, 

Felts Mills Paper Co. stock, 

Wendler Machine Co. bonds, . 

Deed of real estate, . 

C. R. Remington, Son & Co., bond, 

N. Y. Central & Hudson River R.R. stock, 

Western Union Telegraph stock, 



Market Value. 

$1,492 75 
3,240 00 
625 00 
1,850 00 
1,725 00 
7,500 00 

21,900 00 

15,000 00 
3,750 00 

10,000 00 
1,850 00 
1,350 00 

22,000 00 
3,300 00 
3,500 00 
5,720 00 

13,000 00 

1,500 00 

500 00 

3,624 25 

11,732 50 



Loaned Thereon. 



} $10,000 00 



8,600 00 

10,000 00 

3,000 00 

8,000 00 

2,750 00 

20,000 00 
2,000 00 

5,000 00 

10,000 00 

1,000 00 

200 00 

13,225 00 



|365,131 40 $249,598 32 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens*), 

Interest clue or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Rents clue and accrued, 

Due from admitted companies for losses paid 

Gross assets, 

Deduct special deposit, .... 



Balance, $2,258,999 37 



$262,555 00 

1,027,549 19 

22,960 10 

330,060 00 

249,598 00 

37,655 47 

142,053 33 

9,348 42 

200,487 13 

2,050 00 

1,682 73 



1,285,999 37 
27,000 00 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amcunt of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



$33,838 93 
57,350 56 
19,058 00 

$110,247 49 
27,068 18 

$83,179 31 



* Value of lands mortgaged, 



$2,190,165 00 



AGRICULTURAL INSURANCE CO. 



127 



Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits,. 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 81, 1896, 
Same not collected, 

Net collected, . 

Premiums on risks written or renewed, . 

Total, . . . . . . " . 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash tire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



$1,205,867 77 

55 00 

46,130 85 

34,854 00 

3,335 38 

$1,373,422 31 
14,513 84 



$1,358,908 47 

$900,090 90 
500,000 00 

$400,090 90 



$205,144 25 
26,392 07 

$178,752 18 
1,504,725 25 

$1,683,477 43 
200,487 13 

$1,482,990 30 
613,276 00 



sources, 



Gross cash income, 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, .... 



,714 30 

53,406 02 

35,633 85 

2,495 50 

,249 67 



$608,101 88 
118,717 67 



$489,384 21 

49,945 00 

168,560 09 

109,519 57 

34,709 85 

113,368 48 

$965,487 20 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



Risks and Premiums. 

Premiums. 

$312,482,356 00 $2,858,865 00 
182,813,100 00 1,504,725 25 



$495,295,456 00 $4,363,590 25 
190,994,456 00 1,702,643 25 



$304,301,000 00 
24,645,400 00 



1,660,947 00 
182,346 00 



$279,655,600 00 $2,478,601 00 



128 



ALBANY INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$21,409,917 00 

10,617,444 00 

503,279 00 

1,180,000 00 

50,000 00 

144,800 00 



" ALBANY INSURANCE COMPANY," ALBANY, N. Y. 

[Incorporated March 8, 1811. Commenced business March 16, 1811. Reorganized June 1, 1881.] 

Paid-up Capital, $250,000. 
JOHN HOWARD KING, President. CHARLES H. HAHN, Secretary. 



Detailed Statement of Stocks and Bonds. 



Watervliet Turnpike and R.R. bonds, 

Albany & Susquehanna R.R. bonds, 

West Shore R.R. bonds, . 

New York Central R.R. bonds, 

Wabash R.R. bonds, .... 

Municipal gas bonds, Albany, N. Y., 

Union R.R. Co. bonds, 

St. Louis & San Francisco bonds, 

Ann Arbor R.R bonds, 

People's Gas. Co. Consol., Chicago, bonds, 

Western New York & Pennsylvania bonds, 



Par Value. 

$6,000 00 
25,000 00 
10,000 00 
34,000 00 
25,000 00 
1,000 00 
10,000 00 
25,000 00 
10,000 00 
10,000 00 
15,000 00 



Market Value. 

$7,020 00 
29,125 00 
10,800 00 
36,895 00 
26,162 50 

1,100 00 
11,000 00 
28,150 00 

8,300 00 
11,600 00 
16,350 00 



$ 171,000 00 $186,502 50 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 



Loans on mortgage of real estate (fi 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, . . . ' . 



st liens*), 



1,450 00 

236,290 00 

1,266 29 

186,502 50 

2,230 04 

19,255 60 

163 00 

7,219 44 



$479,376 87 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$179,250 00 
338,500 00 
275,800 00 



ALBANY INSURANCE CO. 



129 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



$2,036 50 

5,407 50 

920 00 

69,667 84 

744 36 

1,536 59 



,312 79 



$399,064 08 
250,000 00 



Surplus over capital, ..... . . . $149,064 08 



Income. 
Fire premiums outstanding Dec. 31, 1896, 
Same not collected, . . ... 

Net collected, . . . . 
Premiums on risks written or renewed, 

Total 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Agency profit, 



1,626 64 
436 80 



$6,189 84 
110,817 76 

$117,007 60 
7,219 44 

$109,788 16 
13,554 93 



sources, 



Gross cash income, 



$96,233 23 

12,771 52 

8,307 07 

654 00 

3,440 95 

M 21,406 77 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 



$55,399 08 
3,164 43 



$52,234 65 

20,000 00 

18,172 78 

9,690 96 

6,851 27 

3,101 56 



Gross cash expenditures, 



$110,051 22 



130 



AMERICAN INSURANCE CO. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

,734,278 00 $156,813 40 
12,167,990 00 110,817 76 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



,902,268 00 $267,631 16 
12,457,341 00 118,6*67 61 



,444,927 00 $ 148,963 55 
684,492 00 6,298 07 



.$15,760,435 00 $142,665 48 



Miscellaneous. 
Premiums received from reorganization of company, 
Losses paid from reorganization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from reorganization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$1,585,666 00 

860,180 00 

51,315 00 

345,000 00 

20,000 00 

54,550 00 



"AMERICAN INSURANCE COMPANY," NEWARK, N. J. 

[Incorporated Feb. 20, 1846. Commenced business April 1, 1846.] 

Paid-dp Capital, $600,000. 

F. H. HARRIS, President. J. H. WORDEN, Secretary. 



Detailed Statement of Stocks 



United States bonds, . . . 

North Hudson County, N. J., R.R. bonds, 

United New Jersey R.R. and Canal Co. bonds 

Morris & Essex Railroad bonds, 

Lehigh Valley Railroad bonds, 

Long Dock (Jersey City) bonds, 

Newark Gas Company bonds, . 

Madison, N. J , township bonds, 

New York & Greenwood Lake R'y bonds, 



and Bonds. 

Par Value. 

$100,000 00 

100,000 00 

100,000 00 

100,000 00 

110,000 00 

125,000 00 

60,000 00 

35,000 00 

75,000 00 



Market Value. 
$110,000 00 

103,000 00 

113,000 00 

139,000 00 

121,000 00 

166,250 00 

76,800 00 

35,437 50 

78,375 00 



5,000 00 $942,862 50 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $228,834 80 
Loans on mortgage of real estate (first liens*), 1,604,520 75 
Interest due or accrued thereon, . . . 25,243 20 

* Value of lands mortgaged $1,754,570 00 

Value of buildings thereon 2,343,465 00 

Amount of insurance held as collateral 2,001,975 00 



AMERICAN INSURANCE CO. 



131 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, . . . 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
American Insurance Co. stock, $70,000 00 
Prem's more than three mos. due, . 2,529 97 
Gross assets, 



$942,862 50 

2,973 21 

39,957 05 

10,535 41 

52,745 49 

2,459 27 



5,910,131 68 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 
Dividends to policy holders unpaid, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 



14,313 91 

44,516 48 

4,127 06 

$52,957 45 
1,120 83 

$51,836 62 

524,636 12 

4,497 60 

9,312 36 

1,620 00 



591,902 70 

. $2,318,228 98 
600,000 00 

. $1,718,228 98 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, . . . 

Gross cash income, . 



$52,537 92 
689 58 

$51,848 34 
717,697 92 

$769,546 26 
55,275 46 

$714,270 80 
179,120 76 



sources, 



$535,150 04 
82,805 45 
43,702 42 
10,717 35 

$672,375 26 



132 



AMERICAN CENTRAL INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, .... 



$241,116 99 
19,090 34 



$222,026 65 
61,470 80 
104,166 62 
49,921 32 
27,859 25 
26,628 90 

$492,073 54 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$108,075,707 00 $1,023,775 53 
. 77,670,872 00 717,697 92 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$185,746,579 00 $1,741,473 45 
. 68,552,947 00 663,993 10 



$117,193,632 00 $1,077,480 35 
. 5,713,417 00 52,737 36 



$111,480,215 00 $1,024,742 99 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



$10,388,627 00 

4,257,654 00 

244,973 00 

2,165,210 00 

60,000 00 

46,510 00 



"AMERICAN CENTRAL INSURANCE COMPANY," ST. LOUIS, MO. 

[Incorporated February, 1853. Commenced business February, 1853.] 

Paid-up Capital, $600,000. 

GEORGE T. CRAM, President. JNO. H. ADAMS, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value . 

Commonwealth Realty Co. bonds, . . . $100,000 00 $100,000 00 

St. Louis Merchants' Bridge Co. bonds, . . 75,000 00 78,000 00 

Union Depot R.R. Co. bonds, .... 75,000 00 83,300 00 

St. Clair, Madison & St. L. Belt R.R. Co. bonds, 30,000 00 21,000 00 

Laclede Gas Light Co. bonds, .... 52,000 00 52,500 00 

St. Louis, C. B. & O. Railway bonds, . . 18,000 00 18,700 00 

St. Louis County Park bonds, . . . . 15,000 00 17,500 00 



AMERICAN CENTRAL INSURANCE CO. 



133 



Jerseyville, 111., bonds, . 
Mo. Electric Light and Power Co. bonds, 
Norborne, Mo., school bonds, . 
School Dist. No. 1, Cass Co., 111., bonds, 
De Soto, Mo,, city funding bonds, . 
National Bank of Com., St. Louis, stock, 
Commercial Bank, St. Louis, stock, . 
Mechanics' Bank, St. Louis, stock, . 
Boatmen's Bank, St. Louis, stock, . 
Laclede Gas Light Co. stock, . 
United States consols, 
St. Louis & San Francisco R.R. bonds, 
Peirce City, Mo., funding bonds, 



Securities held as collateral for cash loans : - 

450 shares Nat'l Bank of Commerce, St. Louis, 
300 " American Brake Co., . 
500 " Broadway Real Est. Co., St. L., Mo., 
100 " The N'l B'k of Commerce, St. Louis, 
Missouri Electric Light and Power Co. bonds, 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens*) 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, . 

Premiums in course of collection (gross) 

Gross assets, .... 
Deduct special deposits in other States, 



Par Value. 

$15,000 00 

32,000 00 

7,000 00 

6,000 00 

3,500 00 

180,000 00 

25,000 00 

11,100 00 

10,000 00 

4,800 00 

50,000 00 

30,000 00 

15,000 00 



Market Value. 

$15,000 00 

32,600 00 

7,000 00 

6,000 00 

3,500 00 

274,500 00 

60,500 00 

23,800 00 

16,500 00 

4,300 00 

56,000 00 

31,500 00 

15,000 00 



$754,400 00 $917,200 00 



Market Value. Loaned Thereon. 



$67,750 00 

25,500 00 

50,000 00 

15,500 00 

7,000 00 



$45,000 00 
37,000 00 

6,500 00 
5,500 00 



Balance, . $1,682,261 90 



$165,750 00 $94,000 00 

31, 1897. 
$500,000 00 
37,117 20 
917,200 00 
94,000 00 
20,055 10 
88,248 05 
81,641 55 

$1,738,261 90 

. . . 56,000 00 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 



$17,842 58 
52,727 77 
26,125 50 



,695 85 
13,619 76 

,076 09 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$51,500 00 
41,000 00 
27,200 00 



134 



AMERICAN CENTRAL INSURANCE CO. 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, . . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



1641,361 42 

12,246 23 

8,843 70 

$745,527 44 
2,735 90 



$742,791 54 

$939,470 36 
600,000 00 

$339,470 36 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 



.,051 04 
945,653 42 



11,026,704 46 
81,641 55 



Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 
Income from rents, 



$945,062 91 
182,273 54 



Gross cash income, 



$762,789 37 
52,530 40 
21,631 36 

,951 13 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, .... 



$437,683 02 
26,385 40 



f411,297 62 
60,000 00 
122,053 34 
71,339 6Q 
18,745 94 
96,329 96 

$779,766 52 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$110,117,632 00 
75,371,350 00 

$185,488,982 00 
75,665,953 00 

$109,823,029 00 
4,034,839 00 



Premiums. 

$1,356,902 85 

945,653 42 

$2,302,556 27 

966,220 17 

$1,336,336 10 

54,803 01 



$105,788,190 00 $1,281,533 09 



AMERICAN FIRE INSURANCE CO. 



135 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.) , 
Company's stock owned by directors, .... 



$18,665,852 00 

9,464,256 00 

398,279 00 

1,286,412 00 

60,000 00 

92,675 00 



"AMERICAN FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April 30, 1857. Commenced business May 1, 1857.] 

Paid-up Capital, $400,000. 

GEO. W. WENSLEY, President. WALTER S. ALLEY, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, . 

State of Georgia bonds, . 

City of Brooklyn bonds, . 

City of New York school bonds, 

City of Richmond bonds, . 

Consolidated Traction Co. bonds, 

Illinois Central R R. bonds, 

St. Louis & Iron Mountains R.R. Co. bonds, 

American Exchange National Bank stock, 

Mechanics' National Bank stock, 

Phenix National Bank stock, . 

Metropolitan Trust Co. stock, . 

United States Mortgage & Trust Co. stock, 

United States Trust Co. stock, . 

Western Union Telegraph Co. stock 

Standard Gas stock, . . 

Baltimore & Ohio R.R. Co. stock, 

Chicago, Milwaukee & St. Paul R'y Co. stock 

Chicago & Northwestern R'y Co. stock, . 

Lake Shore & Mich. Southern R'y Co. stock, 

Pennsylvania R.R. stock, .... 



Securities held as collateral for cash loans 

90 shares Hanover National Bank, . 
30 " Union Trust Co., 



Par Value. 

$200,000 00 

25,000 00 

150,000 00 

100,000 00 

20,000 00 

25,000 00 

50,000 00 

10,000 00 

9,000 00 

5,000 00 

2,000 00 

10,000 00 

10,100 00 

2,500 00 

30,000 00 

21,600 00 

50,000 00 

20,000 00 

20,000 00 

20,000 00 

25,000 00 



Market Value. 

$225,500 00 
28,250 00 
155,500 00 
107,000 00 
20,450 00 
24,750 00 
51,000 00 

8,800 00 
15,570 00 

9,750 00 

1,900 00 
31,000 00 
26,765 00 
29,075 00 
27,375 00 
30,896 00 

6,750 00 
28,600 00 
24,200 00 
34,200 00 
28,625 00 



$805,200 00 $915,956 00 



Market Value. Loaned Thereon. 

$32,850 00 $20,000 00 
30,300 00 15,000 00 



$63,150 00 $35,000 00 



136 



AMERICAN FIRE INSURANCE CO. 



Summary of Assets Dec 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Return premiums and reinsurance, . 

Prem's more than three mos. due, . $2,987 84 

Gross assets, ..... 
Deduct special deposits in other States, . 

Balance, • »••«■ 



31, 1897. 

$14,500 00 

120 84 

915,956 00 

35,000 00 

730 84 

33,532 68 

5,937 33 

119,516 22 

106 22 



-t$l,125,400 13 
48,700 00 

. $1,076,700 13 



Liabilities. 

Losses adjusted, unpaid, . . 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums, .... 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



$31,571 54 

23,490 83 

4,652 00 

159,714 37 
16,529 38 



5,184 99 

335,149 48 

2,966 46 

20,417 34 

7,803 52 

2,135 94 

$411,657 73 
7,155 48 



404,502 25 



Surplus as regards policy holders, 
Paid-up capital, 

Surplus over capital, . 



. $672,197 88 
. 400,000 00 

. $272,197 88 



* Value of lands mortgaged, $21,500 00 

Value of buildings thereon 14,500 00 

Amount of insurance held as collateral, ..... 14,500 00 

t Including $115,000 special reserve fund held under New York law. 



AMERICAN FIRE INSURANCE CO. 



137 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, . ... 
Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



$89,018 90 
674,421 08 

$763,439 98 
122,504 06 

$640,935 92 
134,937 28 



$505,998 64 

725 00 

33,785 04 



Gross cash income, $540,508 68 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, . . • 
Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

Gross cash expenditures, . . . 



$282,548 96 
50,082 98 



2,465 98 
16,000 00 
89,932 47 
63,248 98 
15,464 55 
48,279 04 

$465,391 02 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1896, . . $92,813,039 00 $920,034 93 
Fire risks written during 1897, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



89,776,420 00 674,421 08 



$182,589,459 00 $1,594,456 01 
79,916,030 00 794,898 65 



$102,673,429 00 
16,667,505 00 



$799,557 36 
167,354 72 



Net amount in force, 



$86,005,924 00 $632,202 64 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (4 per cent.), . 
Company's stock owned by directors, . 



$14,091,517 00 
7,891,407 00 
224,213 00 
1,472,000 00 
16,000 00 
385,300 00 



138 



AMERICAN FIRE INSURANCE CO. 



" AMERICAN FIRE INSURANCE COMPANY," PHILADELPHIA, PA. 

[Incorporated Feb. 28, 1810. Commenced business March 12, 1810.] 

Paid-up Capital, $500,000. 

THOS. H. MONTGOMERY, President. RICHARD MARIS, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Steubenville & Indiana R.R. bonds, . . . $21,000 00 $23,100 00 

Belt Road and Stock Yard bonds, . . . 20,000 00 24,100 00 

Chicago & Western Indiana R.R. bonds, . . 9,000 00 9,900 00 

Philadelphia & Reading R.R. bonds, . . 87,000 00 78,790 00 

North Pennsylvania R.R. bonds, . . . 26,000 00 31,070 00 

Virginia & Tennessee R.R. bonds, . . . 25,000 00 25,500 00 

Georgia State bonds, 25,000 00 29,250 00 

Huntingdon & Broad Top Mt. R.R. bonds, . * 10,000 00 10,600 00 

Huntingdon & Broad Top Mt. R.R. car trust, . 10,000 00 10,125 00 

Lehigh Valley R.R. bonds, .... 76,000 00 87,980 00 

Mortgage Trust Co , Pa., bonds, . . . 25,000 00 17,500 00 

Middlesex Banking Co. bonds, . . 25,000 00 25,000 00 

Northern Central R.R. bonds, .... 19,000 00 21,850 00 

Northern Pacific R.R. bonds, .... 15,000 00 8,925 00 

Penn. & New York Canal and Railroad bonds, 50,000 00 53,500 00 

Portland city water bonds, .... 50,000 00 57,500 00 

Wheeling & Lake Erie exten. imp. bonds, . 15,000 00 9,000 00 

Hughesville water bonds, . . . . 20,000 00 20,000 00 

Pitts., Cin., Chic. & St. Louis R.R. bonds, . 30,000 00 33,300 00 

Springfield water bonds, 10,000 00 10,000 00 

United Electric securities, .... 10,000 00 10,000 00 

Terre Haute & Logansport R.R. bonds, . . 25,000 00 18,750 00 

Lehighton water bonds, 4,000 00 4,000 00 

Camden & Atlantic R.R. bonds, . . . 15,000 00 16,350 00 

Pittsburgh, Chartiers & Yough. bonds, . . 20,000 00 19,500 00 

Omaha Loan & Trust Co. bonds, . . . 10,000 00 10,000 00 

Norfolk & Western car trust bonds, . . 12,000 00 11,640 00 

Ashtabula & Pittsburgh R.R. bonds, . . 15,000 00 17,850 00 

Seaboard & Roanoake R.R. bonds, . . . 20,000 00 20,500 00 

Electric and People's Traction Trust cert's, . 35,000 00 27,300 00 

Berwin Water Co. bonds, ..... 10,000 00 10,000 00 

Second Avenue Traction Co., Pittsburgh, . 11,000 00 11,990 00 

United Traction Co., Pittsburgh, . . . 25,000 00 25,625 00 

Glenwood Highway Bridge Co., . . . 10,000 00 11,100 00 

North Western Guaranty debentures, . . 29,500 00 11,800 00 

20 shares Philadelphia Bourse, . . . 1,000 00 80 00 

18 " Phil. & Lancaster Turnpike Co., . 1,800 00 90 00 

150 " Northern Pacific R.R., . . . 15,000 00 8,850 00 



$837,300 00 $822,415 00 



AMERICAN FIRE INSURANCE CO. 



139 



Securities held as collateral for cash loans : — 



Lehigh Coal & Navigation Co. bonds, 
40 shares Commonwealth Title & Ins. Co., 
Baltimore & Potomac R.R. bonds, 
Easton & Amboy R R. bonds, . 
Howard Sub-school district bonds, 
Elwoocl School district bonds, . 
1,100 shares Reading Co., . 

100 " Lehigh Valley R.R., 

140 " American Spirits Manuf'g Co., 
25 " Philadelphia Traction Co., . 

100 " North American Co., , 
80 " Lehigh Valley R.R., . 

100 " National Lead Co., 

600 " Reading Co., .... 

200 " Atchison R.R., . . 

90 " Northern Pacific R.R., . 

Schuylkill Electric Railway bonds, . 

Howard Sub-school district bonds, . 

100 shares Choctaw, Okla. & Gulf R.R., 

125 " Union Trust Co., . . 

336 " Merchants' Trust Co., . 
50 " Union Traction Co., 
1,000 " Reading Co., 

200 " Allegheny Valley, 

102 " Welsbach light, . 
N. Y. & Middle Coal Field R.R. Co. bonds, 
194 shares Black Creek Improvement Co., 
200 " Pennsylvania Steel Co., . 
Pennsylvania Steel Co. bonds, . 
Texas & Pacific R.R. bonds, 



Market Value. 

$3,810 00 

2,720 00 

16,400 00 

1,060 00 

10,000 00^ 

2,000 00 

12,237 50 

2,550 00 } 

1,120 00 

1,937 50 

400 00 J 

2,040 00 >! 

3,750 00 

6,675 00 

6,100 00 j> 

1,890 00 

7,000 00 

4,000 00 J 

2,750 00^ 

6,250 00 

4,758 00 

600 00 

13,625 00 

2,000 00 

4,233 00 

2,200 00 

3,298 00 

2,400 00 

1,100 00 

5,600 00 J 



Loaned Thereon. 

12,500 00 
1,800 00 

10,000 00 



25,000 00 



25,000 00 



} 35,000 00 



$134,504 00 $99,300 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 



31, 1897. 

$305,850 40 

1,178,505 93 

29,444 35 

822,415 00 

99,300 00 

9,603 04 

84,800 02 

642 11 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$1,289,185 00 

1,405,650 00 

968,430 00 



140 



AMERICAN FIRE INSURANCE CO. 



Premiums in course of collection (gross), 
Rents due and accrued, . . . . 

Gross assets, . 

Deduct special deposits in other States, . 



Balance, 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, . 

Surplus as regards policy holders, . 
Paid-up capital, . . . . 



$122,152 85 
22,806 52 



$2,675,520 22 
57,500 00 

$2,618,020 22 



$17,407 05 

90,014 36 

12,720 19 

927,187 27 

567,566 79 

18,322 93 

3,245 23 

51,636,463 82 
9,810 22 



),804 01 
1,642,827 48 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Income from rents, , . 

Income from all other sources, 

Deposits received for perpetual fire risks, 

Gross cash income, . . 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, . 

for expenses on real estate, 
Deposits returned on perpetual fire risks, 

Gross cash expenditures, . 



.,743,631 49 
122,152 85 

[,621,478 64 
339,867 99 



$21,615 45 



$18,039 23 



1,626,653 60 

$991,366 62 
500,000 00 

$491,366 62 



.,281,610 65 

63,658 10 

40,965 69 

16,883 01 

9,782 66 

L,412,900 11 



,702 79 

40,000 00 

267,558 77 

108,300 00 

31,430 57 

141,350 29 

11,532 81 

. $1,296,875 23 



UNDERWRITERS AT AMERICAN LLOYDS. 



141 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



Risks and Premiums. 

Premiums. 

$154,060,160 00 $1,885,050 43 



138,399,924 00 1,642,827 48 



$292,460,084 00 $3,527,877 91 
122,091,374 00 1,569,459 08 



$170,368,710 00 $1,958,418 83 
11,352,743 00 125,787 58 



Net amount in force, .... $159,015,967 00 $1,832,631 25 
Perpetual risks in force (not incl'd above) , $23,285,489 00 $620,457 64 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$32,933,760 00 

19,371,308 00 

694,741 00 

2,768,935 00 

40,000 00 

25,700 00 



"UNDERWRITERS AT AMERICAN LLOYDS," NEW YORK. 

[Commenced business April, 1890.] 
GEORGE A. STANTON, Attorney and Manager. 



Detailed Statement of Stocks 



United States bonds, ..... 
New York city stock, .... 
Brooklyn city East River Bridge bonds, . 
West Shore R.R. bonds, . 
Pitts., Cin , Chicago & St. Louis R.R. bonds, 

Indiana State bonds, 

Massachusetts State bonds, 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



and Bonds. 

Par Value. 

$100,000 00 
150,000 00 
50,000 00 
50,000 00 
25,000 00 
30,000 00 
30,000 00 



Market Value. 

$114,500 00 
150,000 00 
54,250 00 
54,000 00 
25,500 00 
30,000 00 
33,450 00 



$435,000 00 $461,700 00 



31, 1897. 

$461,700 00 

15,845 96 

6,194 38 

3,623 80 

46,252 18 



$533,616 32 



142 



UNDERWRITERS AT AMERICAN LLOYDS. 



Liabilities. 
Amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, .... 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except subscribers' deposits, 

Surplus as regards policy holders, . 
Subscribers' deposits paid up, .... 

Surplus over subscribers' deposits, 



$6,451 00 

114,061 18 

11,563 04 

5,275 13 

2,885 04 



$140,235 39 

$393,380 93 
106,000 00 

$287,380 93 



Income. 
Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest and dividends received from all sources, . 

Deposits of new subscribers, . 

Gross cash income, . 



$47,232 89 
294,878 41 

. $342,111 30 
46,252 18 

. $295,859 12 
61,297 77 



1,000 00 



$234,561 35 
14,138 30 



. $248,699 65 



Expenditures. 

Cash paid for fire losses, 

Interest and dividends to subscribers, 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

to retiring subscribers, 

Gross cash expenditures, .... 



$14,760 50 



$115,156 71 

30,260 13 

77,080 93 

2,960 00 

2,429 12 

1,621 56 

$229,508 45 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

rremiums. 

,723,788 00 $244,380 30 
33,964,151 00 294,878 41 



Total,. 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



,687,939 00 $539,258 71 
33,435,103 00 302,815 75 



$27,252,836 00 $236,442 96 
893,486 00 8,318 59 



$26,359,350 00 $228,124 37 



ARMENIA INSURANCE CO. 



143 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 



,531,310 00 
560,762 00 
121,287 00 
124,698 00 



"ARMENIA INSURANCE COMPANY OF PITTSBURG, PA.," 

PITTSBURG, PA. 

[Incorporated March 26, 1872. Commenced business May 15, 1872.] 

Paid-up Capital, $250,000. 

ALBERT PITCAIRN", President. W. D. McGILL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

Westinghouse Machine Co. bonds, . . . $10,000 00 

Birm'ham, Knox. & Allent'n Tract. Co. bonds, 15,000 00 

10 shares Capital Stock Investors' Co., . . 1,000 00 
100 " National Lead stock, . . . 10,000 00 

11 " Commercial National Bank, . . 1,100 00 



Market Value. 

|10,000 00 

13,500 00 

1,000 00 

10,500 00 

1,144 00 



Securities held as collateral for cash loans : — 

5 shares Ben Franklin Insurance Co , 
East Liverpool Bridge Co. bonds, . 
100 shares Bank of Secured Savings, 
100 " Ben Franklin Ins. Co., . 
67 " Basic Brick Co., 
Chartiers Valley Gas Co. bonds, 
Loaned on company's own stock, . $5,000 00 



$37,100 00 $36,144 00 



Market Value, 

$300 00 
3,000 00 
5,000 00 
6,000 00 
3,350 00 
13,500 00 



Loaned Thereon. 

$190 00 
2,500 00 
3,000 00 
3,000 00 
2,100 00 
6,800 00 



$31,150 00 $17,590 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, etc., 

Gross assets, 



31, 1897. 

$48,996 67 

263,780 00 

6,861 51 

36,144 00 

17,590 00 

1,589 86 

11,488 45 

396 25 

31,695 38 

661 99 



,204 11 



* Value of lands mortgaged $517,850 00 

Value of buildings thereon, 429,400 00 

Amount of insurance held as collateral, .... 249,550 00 



144 



ARMENIA INSURANCE CO. 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, 

Less reinsurance, . . . . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 



,657 49 

10,883 63 

$21,541 12 

200 00 

$21,341 12 

126,646 98 

6,339 07 



$25,046 18 
211,927 00 

$236,973 18 
31,695 38 



Entire premiums collected, .... $205,277 80 
Less reinsurance and return premiums, . . 13,657 26 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, . . . . . . . . 



Gross cash income, 

Expenditures. 

Cash paid for fire losses, $114,498 24 

Deduct salvage and reinsurance, . . . 9,434 15 

Net cash paid for fire losses, .... 

Cash dividends paid, . . . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



. $14,338,976 00 
. 15,995,233 00 



. |30,334,209 00 
. 12,565,053 00 



$154,327 17 

$264,876 94 
250,000 00 

$14,876 94 



$191,620 54 

13,013 21 

3,400 00 

2,435 79 

$210,469 54 



$105,064 09 

10.000 00 
52,215 37 

6,459 94 
2,979 47 

11.001 48 

$187,720 35 

Premiums. 

$181,670 11 
211,927 00 

$393,597 11 
160,731 91 



. $17,769,156 00 $232,865 20 



ASSURANCE COMPANY OF AMERICA. 145 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (4 per cent.), . 

Company's stock owned by directors, 



$1,691,046 00 
867,637 00 
113,908 00 
352,500 00 
10,000 00 
110,400 00 



" ASSURANCE COMPANY OF AMERICA," NEW YORK, N. Y. 

[Incorporated Feb. 25, 1897. Commenced business April 1, 1897.] 

Paid-up Capital, $200,000. 

ROBERT C. RATHBONE, President. DAN WINSLOW, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds,. ..... 1400,00000 f 453,125 00 

Massachusetts State bonds, .... 50,000 00 54,590 09 

New York city bonds, ..... 50,000 00 50,000 00 



1500,000 00 $557,715 09 

Summary of Assets Dec. 31, 1897. 

Stocks and bonds, as per schedule, . , . $557,715 09 

Cash deposited in bank, . 75,038 48 

Interest due and accrued, ..... 4,458 34 

Premiums in course of collection (gross), . 73,998 69 

Gross assets, ...... ■ |711,210 60 

Liabilities. 

Losses claimed and reported, .... $28,049 00 

Less reinsurance, ...... 438 00 

Net amount of unpaid losses, .... $27,611 00 

Unearned premiums on outstanding risks, . 198,964 94 

Commissions and brokerage, .... 13,500 37 

Return premiums and reinsurance, . , . 28,997 45 

Gross liabilities, except capital, . . ■ — — 269,073 76 



Surplus as regards policy holders, ...... $442,136 84 

Paid-up capital, . 200,000 00 



Surplus over capital, ..,,.... $242,136 84 



146 



ASSUKANCE COMPANY OF AMERICA. 



Income. 

Fire premiums on risks written or renewed, 
Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums on risks written or renewed, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest and dividends received from all sources, 

Gross cash income, , 



|508,619 62 
73,998 69 



|434,620 93 
111,635 43 



— $322,985 50 



,777 AS 
1,471 33 



27,306 10 
13,467 35 

$363,758 95 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash paid for commissions and brokerage, 

for salaries of officers, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 



Fire risks written during 1897, 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Marine risks written during 1897, . 
Deduct risks expired and terminated, 

In force at end of year, . j 



$67,012 47 




17,550 17 






$49,462 30 




$12,211 63 




38 73 




_ — __ 


12,172 90 


. 


56,738 10 


. 


2,670 00 


. 


2,985 13 


. 


7,015 65 


. 


$131,044 08 


MS. 


Premiums. 


$71,575,088 00 


$508,619 62 


35,132,046 00 


159,759 51 


$36,443,042 00 


$348,860 11 


2,657,353 00 


24,511 74 


$33,785,689 00 


$324,348 37 


$816,910 00 


$28,777 43 


71,200 00 


2,699 49 


$745,710 00 


$26,077 94 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Marine and inland losses incurred during the year, 
Company's stock owned by divcctogs, 



$355,931 00 
61,635 00 
69,244 00 
20,002 00 
78,300 00 



ATLANTIC MUTUAL INSURANCE CO. 



147 



"ATLANTIC MUTUAL INSURANCE COMPANY," 

NEW YORK, N. Y. 

/ 

[Incorporated April 11, 1842. Commenced business July 1, 1842.] 
A. A. RAVEN", President. JOSEPH H. CHAPMAN, Secretary. 



Detailed Statement of Stocks and Bonds. 



American Exchange Bank stock, 

Bank of America stock, . 

Bank of Commerce stock, 

Bank of New York stock, 

Leather Manufacturers' Bank stock, 

Merchants 1 Bank stock, . 

Mechanics' Bank stock, 

Manhattan Company stock, 

Market & Fulton Bank stock, 

Phenix Bank stock, . 

Atlantic Trust Co stock, . 

Consolidated Gas Co. stock, 

New York City stock, 

Long Island R.R. Co. stock, 

United States Mortgage and Trust Co. stock, 

N. Y. Central & Hudson River R.R. stock, 

N. Y. Central & Hudson River R.R. bonds, 

New York, Chicago & St. Louis R.R. bonds, 

West Shore R.R. bonds, . 

Brooklyn & Montauk R.R. bonds, 

Brooklyn city park bonds, 

Jersey City water bonds, . 

District of Columbia bonds, 

United States bonds. . 



Securities held as collateral for cash loans : - 

Fourth National Bank stock, .... 
Consolidated Gas Co. of New York stock, 
Chicago & Northwestern Railway stock, . 
Chicago, Milwaukee & St. Paul Railway stock, 
Delaware, Lackawanna & Western R.R stock, 
Illinois Central R R. stock, .... 
Reading R R. Co bonds, ..... 
Union Pacific R R. Co. certificates, . 
Chicago, Burlington & Quincy R R. stock, 



Par Value. 

$90,000 00 

50,000 00 

64,100 00 

94,200 00 

25,600 00 

70,150 00 

47,675 00 

18,000 00 

30,000 00 

73,340 00 

151,000 00 

50,000 00 

791,600 00 

50,000 00 

6,500 00 

660,000 00 

234,000 00 

200,000 00 

200,000 00 

75,000 00 

122,000 00 

100,000 00 

400,000 00 

4,301,000 00 



Market Value.* 

$90,000 00 

50,000 00 

64,100 00 

94,200 00 

25,600 00 

70,150 00 

47,675 00 

18,000 00 

30,000 00 

73,340 00 

151,000 00 

50,000 00 

808,660 00 

15,000 00 

16,545 00 

528,000 00 

222,825 00 

150,000 00 

150,000 00 

60,000 00 

109,800 00 

100,000 00 

280,000 00 

4,126,000 00 



$7,904,165 00 |7,330,895 00 



Market Value. Loaned Thereon. 

f 11,000 00? 

22,500 00 \ 

18,500 00>| 

8,000 00 ■ 

12,500 00 

5,000 00 J 

9,000 00 n 

13,800 00 i 

100,000 00 ) 



$22,000 00 



} 35,000 00 



100,000 00 



* Estimated for the purpose of permanent investment. 



148 



ATLANTIC MUTUAL INSURANCE CO. 



Chicago & Northwestern Railway Co. stock, . 
Oregon Railway & Navigation Co. stock, 
Chicago, Milwaukee & St. Paul Railway stock, 
Northern Pacific R.R. Co. stock, 
U. S. Leather Co. stock, .... 
American Sugar Retining Co. stock, 
Denver & Rio Grande R.R. Co. stock, 
Union Pacific R.R. Co. certificates, , 



Market Value. Loaned Thereon. 

$24,000 00^ 

28,000 00 

86,000 00 

60,000 00 

18,900 00 

27,000 00 

4,500 00 

129,950 00 ^ 



)> $300,000 00 



$578,650 00 $457,000 00 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate,* 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, . 
Cash deposited in bank and with Eng, bankers, . 
Notes taken for marine and inland risks, 

Gross assets, 

Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Return premiums, .... 
Incidentals, ..... 
Gross liabilities, except scrip, . 

Surplus as regards policy holders, . 

Scrip outstanding, not ordered to be redeemed, 

Surplus over scrip, ..... 

Income. 

Marine premiums outstanding Dec. 31, 1896, . 
Premiums on risks written or renewed, . 

Total, . . 
Premiums now in course of collection, „ 

Entire premiums collected, . . . . $1 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest and dividends received from all sources, 

Income from rents, ...... 



$760,000 00 
7,330,895 00 
457,000 00 
1,347,924 11 
1,026,605 97 
$10,922,425 08 



|66,308 00 
910,827 00 

68,000 00 

1,238,340 83 

200,016 48 

43,940 57 
153,582 61 

19,441 50 



2,700,456 99 

^8,221,968 09 
6,877,370 00 



. $1,344,598 09 



2,844,038 61 

53,687,635 57 
1,073,205 64 



,614,429 93 
333,618 41 



Gross cash income, 



),811 52 
447,509 10 
46,536 17 

!,774,856 79 



* Estimated for the purpose of permanent investment. 



BROADWAY INSURANCE CO. 



149 



Expenditures. 

Cash paid for marine and inland losses, . . $1,425,630 20 
Deduct salvage and reinsurance, . . . 92,389 43 

Net cash paid for marine and inland losses, . 

Cash paid for redemption of scrip, . 

Interest paid scrip holders, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

Gross cash expenditures, .... 



$1,333,240 77 

1,358,290 00 

443,504 00 

16,396 54 

367,722 97 

38,607 37 

f 3,557,761 65 



Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, . 



Risks and Premiums. 

Premiums. 

$104,612,722 00 $1,047,955 31 
425,082,177 00 2,844,038 61 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 



$529,694,899 00 $3,891,993 92 
399,333,695 00 2,653,653 09 



$130,361,204 00 $1,238,340 83 



Miscellaneous. 
Marine and inland losses incurred during the year (estimated), $1,187,077 71 



"BROADWAY INSURANCE COMPANY," NEW YORK, N. Y, 

[Incorporated November, 1849. Commenced business December, 1849.] 

Paid-up Capital, $200,000. 

J. S. FRELING-HUYSEN, President. HILARY R. CHAMBERS, Secretary. 



Detailed Statement of Stocks and Bonds. 



New York city bonds, 

United States bonds, . 

Erie Prior Lien, .... 

Brooklyn city bridge and water stock, 

Brooklyn Union Gas bonds, 

Laclede Gas bonds, .... 

Chicago, Milwaukee & St. Paul stock, 

Chicago & Northwestern R.R. stock, 

New York Central & Hudson River R.R stock, 



Par Value. 

$100,000 00 
15,000 00 
20,000 00 
85,000 00 
10,000 00 

5,000 00 
10,000 00 

5,000 00 
10,000 00 



Market Value. 

$100,000 00 
17,212 50 
18,600 00 
90,100 00 
11,300 00 

5,150 00 
14,200 00 

6,150 00 
10,700 00 



$260,000 00 $273,412 50 



150 



BROADWAY INSURANCE CO. 



Summary of Assets Dec. 

Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Due from another company, 
Prem's more than three mos. due, . f 3,422 40 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . , 

disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, . . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Profits on sale of securities, 

Gross cash income, . 



31, 1897. 

$6,000 00 

75 00 

273,412 50 

-2,347 08 

7,536 43 

3,112 75 

45,378 11 

2,681 68 



$4,984 92 

29,312 22 

5,230 00 

$39,527 14 
39 09 

$39,488 05 

65,554 12 

8,277 45 

6,480 58 



$30,000 00 

12,198 62 

$17,801 38 

271,388 75 



$289,190 13 
■ 48,800 51 

$240,389 62 
70,379 67 



other sources, . 



$340,543 55 



— 119,800 20 



$220,743 35 
200,000 00 

$20,743 35 



$170,009 95 

150 00 

7,692 39 

529 75 

$178,382 09 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$6,000 00 
6,000 00 
5,000 00 



BUFFALO COMMERCIAL INSURANCE CO. 



151 



Expenditures. 

Cash paid for fire losses, . . . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for rent and incidentals, . 

Gross cash expenditures, .... 



,128 08 
9,883 07 



,245 01 

20,000 00 

37,409 96 

9,610 26 

4,361 69 

16,222 75 

. $137,849 67 



Risks and Premiums. 



Fire risks written during 1897, 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Premiums. 

,413,761 00 $271,388 75 
9,106,456 00 93,969 56 



. $15,307,305 00 $177,419 19 

. 4,338,824 00 48,076 85 



.$10,968,481 00 $129,342 34 



Miscellaneous. 

Premiums received from organization of company, . . $3,500,798 00 

Losses paid from organization of company, .... 1,454,402 00 

Fire losses incurred during the year, 73,877 00 

Cash dividends declared from organization of company, . 1,368,000 00 

Dividends declared during the year (10 per cent.), . . 20,000 00 

Company's stock owned by directors, 75,025 00 



"BUFFALO COMMERCIAL INSURANCE COMPANY," 
BUFFALO, N. Y. 

[Incorporated April 15, 1896. Commenced business April 16, 1896.] 

Paid-up Capital, $200,000. 

PHILIP BECKER, President. GEO. H. HOFHEINS, Secretary. 



Detailed Statement of Stocks and Bonds. 



New York State bonds, ' . 
Buffalo (N. Y.) city bonds, 
United States bonds, 



Par Value. Market Value. 

$100,000 00 $100,000 00 

30,000 00 30,000 00 

11,300 00 12,430 00 



$141,300 00 $142,430 00 



152 



BUFFALO COMMERCIAL INSURANCE CO. 



31, 1897. 

$114,050 00 

1,299 00 

142,430 00 

791 24 

45,375 54 

145 83 

10,536 16 

631 03 



$383 83 

6,440 00 

57,216 76 

2,107 25 

48 87 



Summary of Assets Dec. 

Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, ...» 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Gross assets, ..... 

Liabilities. 
Losses adjusted, unpaid, .... 

Losses claimed and reported, . 

Unearned premiums on outstanding risks, 

Commissions and brokerage, . 

Reinsurance disallowed, .... 

Gross liabilities, except capital, . . — 

Surplus as regards policy holders, ...... 

Paid-up capital, ......... 

Surplus over capital, 

Income. 

Fire premiums outstanding Dec. 31, 1896, . $ 9,520 51 

Premiums on risks written or renewed, . . 117,765 76 

Total $127,286 27 

Premiums now in course of collection, . . 10,536 16 

Entire premiums collected, . . . . $116,750 11 
Less reinsurance and return premiums, . . 23,009 89 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, . . . . 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, ..... 

Gross cash expenditures, .... 



$44,379 73 
842 70 



115,258 80 



66,196 71 

$249,062 09 
200,000 00 



$49,062 09 



$93,740 22 
6,160 03 
5,816 59 

$105,716 84 



$43,537 03 

22,008 98 

4,996 74 

3,721 27 

4,524 07 

,788 09 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$179,050 00 

108,375 00 

91,450 00 



BUFFALO GERMAN INSURANCE CO. 



153 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



15,826,067 00 
10,592,021 00 



Premiums. 

$67,452 17 
117,765 76 



,418,088 00 $185,217 93 

6,646,274 00 78,809 54 

9,771,814 00 $106,408 39 

378,799 00 3,216 08 



,393,015 00 $103,192 31 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$153,232 69 
50,817 47 
48,497 11 
56,000 00 



"BUFFALO GERMAN INSURANCE COMPANY," BUFFALO, N. Y. 

[Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867.] 

Paid-up Capital, $200,000. 

PHILIP BECKER, President. OLIVER J. EGGERT, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

Buffalo city bonds, . $582,500 00 

State of New York bonds, .... 45,000 00 

Buffalo & Southwestern R R. bonds, . . 36,250 00 

Tonawanda Gas Co. bonds, .... 33,000 00 

Third National Bank, Buffalo, stock, . . 45,000 00 

Buffalo, N. Y., city warrants, .... 10,044 00 



Securities held as collateral for cash loans : 

German Bank, Buffalo, N. Y., stock, 
Milsom Rendering Co., Buffalo, N. Y., stock, 
Exchange Elevator Co., Buffalo, N. Y., stock, 
German Bank, Buffalo, N. Y., stock, 
Buffalo Loan, Trust and Safe Dep. Co. stock, 
Union Bank, Buffalo, N. Y., stock, . 
Co-operative Brewing Co., Buffalo, stock, 
Co-operative Stove Co., Buffalo, stock, . 
Co-operative Brewing Co., Buffalo, stock, 
German American Bank, Buffalo, stock, . 
Union Bank, Buffalo, stock, 



Market Value. 

$582,500 00 
45,000 00 
36,250 00 
33,000 00 
49,500 00 
10,044 00 



$751,794 00 $756,294 00 



Market Value. 

$21,000 00 ) 
5,000 00 S 
1,000 00 
8,000 00^ 
6,000 00 j 
4,400 00 I 
4,500 00 
8,700 00 J 
3,000 00 
2,200 00 ) 
1,000 00 S 



Loaned Thereon. 

$10,000 00 
700 00 

20,000 00 

2,000 00 
2,700 00 



154 



BUFFALO GERMAN INSURANCE CO. 



Buffalo Southwest R.R. Co. bonds, . 
Thomson-Houston Elec. Light & Power Co. b'ds, 
Buffalo General Electric Co. bonds, . 
Crystal Water Co., Buffalo, stock, . 
General Production Co., Pittsburg, Pa., stock, . 
International Brewing Co., Buffalo, stock, 
Magnus Beck Brewing Co., Buffalo, stock, 
Fidelity Trust and Guaranty Co., Buffalo, stock, 
German Bank, Buffalo, stock, . . . 
Co-operative Brewing Co., Buffalo, stock, 
People's Bank of Buffalo, N. Y., stock, . 
Niagara Falls Brewing Co. stock, . 
Bell Telephone Co. stock, .... 

Condersport & Port Allegany R.R. Co. bonds, 
Depew and Lancaster Water Works bonds, . 
Depew and Lancaster Water Works stock, 



Market Value. 

$5,775 00 > 
3,000 00 | 
1,000 00. 
3,000 00 j 
1,250 00 ! 
2,090 00 , 
495 00 ! 
6,000 00 , 

12,000 00 ' 
625 00 
1,100 00 

10,800. 00- 
7,500 00 
5,000 00. 

20,000 00 
5,000 00 



Loaned Thereon. 

$8,000 00 

2,000 00 
2,000 00 
4,500 00 
1,000 00 

> 20,000 00 
■ 15,000 00 



$ 152,435 00 $87,900 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $310,289 10 

Loans on mortgage of real estate (first liens*), 531,210 00 

Interest due or accrued thereon, . . . 4,107 75 

Stocks and bonds, as per schedule, . . . 756,294 00 

Loans on collateral security, as per schedule, . 87,900 00 

Cash in the office of the company, . . . 860 77 

Cash deposited in bank, 181,783 60 

Interest due and accrued, 3,852 92 

Premiums in course of collection (gross), . 45,200 24 

Notes taken for marine and inland risks, . 4,693 24 

Rents due and accrued, 2,329 59 

Gross assets,f — 

Liabilities. 

Losses adjusted, unpaid, $4,453 25 

claimed and reported, .... 14,898 59 

disputed or resisted, .... 3,109 68 

Unearned premiums on outstanding risks, . 311,743 69 

Commissions and brokerage, . . . . 8,694 35 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, ..... 



[,928,521 21 



Surplus over capital, . 



342,899 56 

,585,621 65 
200,000 00 

.,385,621 65 



* Value of lands mortgaged $780,400 00 

Value of buildings thereon, ....... 560,27500 

Amount of insurance held as collateral, .... 409,275 00 

t Including $200,000 special reserve fund held under New York law. 



BUFFALO GERMAN INSURANCE CO. 



155 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, ..... 

Income from brokerage, .... 



$44,193 50 

425,012 84 

$469,206 34 

45,200 24 

$424,006 10 

76,842 97 



sources, 



$347,163 13 

29,190 25 

36,221 26 

20,755 27 

2,358 01 

$435,697 92 



Gross cash income, ....... 

Expenditures. 

Cash paid for fire losses, $ 184,096 43 

Deduct salvage and reinsurance, . . . 5,394 69 

Net cash paid for fire losses, .... $178,701 74 

Cash dividends paid, 50,000 00 

Cash paid for commissions and brokerage, .... 74,522 70 

for salaries of officers and employees, . . . 29,748 23 

for State and local taxes, ..... 6,966 93 

for incidentals, . ....... 38,051 66 

Gross cash expenditures, $377,991 26 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1896, . . $63,689,492 00 $691,605 69 

Fire risks written during 1897, . . . 39,593,119 00 425,012 84 



Total,. . . . . 
Deduct risks expired and terminated, 

In force at end of year, • , 

Deduct amount reinsured, 



$103,282,611 00 |1,116,618 53 
. 41,386,500 00 467,500 70 



11,896,111 00 
2,163,905 00 



$649,117 83 
20,174 32 



Net amount in force, . 



.$59,732,206 00 $628,943 51 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (25 per cent.), 
Company's stock owned by directors, .... 



J8,942,718 00 

4,562,381 00 

181,585 00 

985,925 00 

50,000 00 

58,300 00 



156 



THE CAPITAL FIRE INSURANCE CO. 



"THE CAPITAL FIRE INSURANCE COMPANY OF CONCORD, N. H ," 

CONCORD, N. H. 

[Incorporated March 10, 1886. Commenced business March 19, 1886.] 

Paid-up Capital, $200,000. 

LYMAN JACKMAN, President. CHARLES L.. JACKMAN, Secretary. 



Detailed Statement of Stocks 



City of Portsmouth, N. H., bonds, . 

City of Dover, N. EL, bonds, 

City of Concord, N. H., bonds, . 

New Hampshire Trust Co. bonds, . 

Iowa Loan and Trust Co. bonds, 

Muscatine Mortgage and Trust Co. bonds, 

City Water Co., Merrill, Wis., bonds, 

Clinton, Iowa, Water Works bonds, 

Windsor Land & Inv. Co., Denver, Col., bonds, 

Central Loan and Deben. Co., Kan. City, bonds, 

Winfield Water Co. bonds, . . 

Johnson Loan & Trust Co., Ark. City, bonds, . 

Grand Forks, Dak., Gas and Electric Co. bonds, 

Wichita, Kan., Water Co bonds, 

Metropolitan West End R.R. Co. bonds, . 

Nebraska Loan and Trust Co. bonds, 

City of Kingman, Kansas, Water Co. bonds, 

Town of Montrose, Col., bonds, 

Denver Consolidated Electric Co. bonds, . 

Northern Pacific R.R. bonds, . 

60 shares C. & M. R.R., .... 

25 " Page Belting Co., Concord, N. II., 

25 " Prescott Piano Co., Concord, N H., 

1 share Amoskeag Manufacturing Co., .. 

2 shares Nashua Manufacturing Co., 
2 

20 
50 
12 
20 

10 ' 
10 ' 



West Side Construction Co., 
Pullman Palace Car Co , . 
Concord Real Estate Co., . 
Northern Pacific R.R. Co., 
Quincy R.R. Bridge Co., . 
National Bank of Lebanon, N. H., 
Amory Manufacturing Co., 



and Bonds. 

Par Value. 

$40,000 00 

26,000 00 

25,000 00 

7,650 00 

5,000 Q0 

4,250 00 

5,000 00 

5,000 00 

5,000 00 

4,000 00 

3,000 00 

1,905 00 

2,500 00 

2,000 00 

2,000 00 

1,000 00 

1,000 00 

800 00 

1,000 00 

2,500 00 

6,000 00 

2,500 00 

2,500 00 

1,000 00 

1,000 00 

200 00 

2,000 00 

5,000 00 

1,200 00 

2,000 00 

1,000 00 

1,000 00 



Market Value. 

$42,860 00 

27,430 00 

27,000 00 

5,355 00 

5,000 00 

3,400 00 

5,000 00 

5,000 00 

5,000 00 

3,200 00 

3,000 00 

952 50 

2,500 00 

2,000 00 

1,160 00 

1,000 00 

800 00 

800 00 

1,000 00 

1,518 75 

10,500 00 

1,875 00 

2,500 00 

1,475 00 

900 00 

150 00 

3,460 00 

5,000 00 

730 50 

3,400 00 

1,250 00 

1,440 00 



$170,005 00 $176,656 75 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $100,387 03 
Loans on mortgage of real estate (first liens*), 111,825 00 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$86,775 00 
157,125 00 
110,900 00 



THE CAPITAL FIRE INSURANCE CO. 



157 



Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, etc., 
Prem's more than three mos. due, . $902 14 
Gross assets, ...... 



$1,893 90 

176,656 75 

7,319 70 

15,390 23 

1,058 37 

31,308 31 

558 10 



$416,397 39 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risk 
Due and accrued for rent, salaries, etc., 
Due for borrowed money, 
Commissions and brokerage, , 
Return premiums, reinsurance, etc., 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 

Income 

Fire premiums outstanding Dec. 31, 1896 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents and incidentals, . 

Gross cash income, , . , 



$12,011 59 
7,254 24 
1,612 35 



,878 18 
1,526 71 



$ 19,351 47 

139,588 38 

2,541 55 

11,000 00 

5,090 32 

8,292 65 



|40,377 57 
1,557 82 



5,819 75 
293,312 52 

$332,132 27 
31,861 15 

$300,271 12 
108,696 22 



sources, . 



185,864 37 



|260,533 02 
200,000 00 

$60,633 02 



$191,574 90 
4,245 68 
6,750 57 
7,531 88 

$210,103 03 



158 



CITIZENS INSURANCE CO. 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

for expenses on real estate, 

Gross cash expenditures, . 



$112,273 82 
29,187 59 



$83,086 23 
8,000 00 
48,733 17 
7,599 60 
5,717 82 
6,177 45 
1,952 75 

$161,267 02 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Total,. . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$20,338,136 00 
19,756,876 00 



$40,095,012 00 
19,834,111 00 



120,260,901 00 
1,238,983 00 



Premiums. 

$283,407 37 
293,312 52 

$576,719 89 
288,226 75 

$288,493 14 
18,584 24 



$19,021,918 00 $269,908 90 



Miscellaneous. 

Premiums received from organization of company, , . $2,129,390 00 

Losses paid from organization of company, .... 697,131 00 

Fire losses incurred during the year, 93,432 00 

Cash dividends declared from organization of company, . 77.614 00 

Dividends declared during the year (4 per cent.), . . . 8,000 00 

Company's stock owned by directors, 52,900 00 



" CITIZENS' INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April, 1836. Commenced business April, 1837.] 

Paid-up Capital, $300,000. 

EDWARD A. "WALTON, President. FRANK M. PARKER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, .■..,.">.»•.. $150,000 00 $168,750 00 

National Bank of Commerce stock, . . . 10,000 00 20,700 00 

National Citizens' Bank stock, . 30,000 00 39,000 00 

National Bank of Republic stock, . . . 5,000 00 7,900 00 

Consolidated Gas Co. stock, . 20,000 00 35,400 00 

Union Trust Co. stock, ...... 10,000 00 97,500 00 

Oregon Short Line R.R. stock and bonds, . 4,000 00 1,960 00 



CITIZENS INSURANCE CO. 



159 



New York, Chicago & St. Louis R.R. bonds, . 
Cleveland, Cin., Chic. & St. Louis R.R. stock, 
Union Pacific R.R. stock, . 



Securities held as collateral for cash loans 

Bleecker Street & Fulton Ferry R.R. stock, 

Peoria & Eastern R.R. bonds, . 

Texas & Pacific R R. bonds, 

Safety Car Heating & Lighting Co. stock, 

National Citizens 1 Bank stock, . 

N. Y., Susquehanna & Western R.R. stock, 

Tenn. Coal & Iron R.R. Co. stock, 

Laclede Gas Light Co stock, . 

American Cotton Oil Co stock, 

St. Louis, Iron Mountain & So. R.R. bonds, 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 
Gross assets, . . . 
Deduct special deposits in other States, . 

Balance, 



Par Value. 
$10,000 00 

30,000 00 
20,000 00 



Market Value. 
$10,650 00 

15,200 00 
5,200 00 



$289,000 00 $402,260 00 



Market Value. Loaned Thereon. 

$2,400 00] 



3,750 00 I 
1,400 00 J 
2,000 00 J 
4,387 50 

10,050 00 ) 
2,600 00 I 
7,820 00 [ 
2,200 00 J 

14,080 00 J 



$7,000 00 
2,600 00 

30,000 00 



$50,687 50 $39,600 00 

II, 1897. 

$100,000 00 

21,300 00 

106 50 

402,260 00 

39,600 00 

7,465 13 

39,804 85 

5,485 00 

111,346 32 

1,298 33 

3,241 11 

$731,907 24 
28,125 00 



$703,782 24 



Losses adjusted, unpaid, , 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 



Liabilities. 



$14,212 60 
15,339 29 

2,382 18 



^31,934 07 
1,808 47 



$30,125 60 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$25,000 00 
36,500 00 
26,200 00 



160 



citizens' INSUKANCE CO. 



Unearned premiums on outstanding risks, . f 258,533 18 

Dividends to stockholders unpaid, . . ■. 329 00 

Due and accrued for rent, salaries, etc., . . 700 00 

Commissions and brokerage, .... 13,268 34 

Return premiums and reinsurance, . . . 1,547 40 

Reinsurance disallowed, . . . . . 3,199 93 

Gross liabilities, except capital, . . $307,703 45 

Deduct liability on special deposits, . . . 402 55 



$307,300 90 



Surplus as regards policy holders, 
Paid-up capital, 

Surplus over capital, . 



$396,481 34 
300,000 00 



,481 34 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, ..... 

Net collected, ..... 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 



$118,807 07 
2,742 86 



$116,064 21 
535,110 59 

$651,174 80 
111,346 32 



Entire premiums collected, .... $539,828 48 
Less reinsurance and return premiums, . , 95,235 84 

Net cash fire premiums received, . . „ — — $444,592 64 

Interest received on mortgages, ...... 1,331 47 

Interest and dividends received from all other sources, . . 17,305 17 

Income from rents, 5,576 67 



Gross cash income, 



|468,805 95 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, , . . 

Cash paid for redemption of scrip, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents and incidentals, 



$295,457 03 
37,186 35 



$258,270 68 
22,345 60 
1,906 45 
95,819 96 
49,224 34 
8,409 13 
38,451 60 



Gross cash expenditures, . 



$474,427 76 



CITIZENS INSURANCE CO. 



161 



Fire risks outstanding Dec. 81, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

171,413,754 00 $587,994 44 
67,158,723 00 535,110 59 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 1 



$138,572,477 00 $1,123,105 03 
70,741,638 00 573,018 36 



17,830,839 00 $550,086 67 
5,468,330 00 39,981 26 



162,362,509 00 $510,105 41 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year, . 
Company's stock owned by directors, .... 



$15,945,814 00 

8,528,339 00 

255,690 00 

2,018,768 00 

21,989 10 

100,020 00 



"CITIZENS' INSURANCE COMPANY OF MISSOURI," 
ST. LOUIS, MO. 

[Incorporated February, 1837. Commenced business 1837.] 

Paid-up Capital, $200,000. 

J. B. M. KEHLOR, President. SOL. E. WAGGONER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Venice Elevator Co. bonds, . . . . $32,000 00 $22,400 00 

City of Waco, Texas, bonds, .... 36,000 00 38,092 00 

Dade County, Mo., bonds, .... 15,000 00 15,770 50 

St Louis United Elevator Co. bonds, . . 84,000 00 58,800 00 

Henry County, Mo., bonds, .... 67,000 00 69,737 00 

Green County, Mo., bonds, .... 13,000 00 13,888 00 

Phillips County, Ark., bonds, .... 10,000 00 10,800 00 

City of Marshall, 111., bonds, .... 2,800 00 2,880 00 

People's Railway Co., St. Louis, bonds, . . 5,000 00 5,350 00 

Jackson County, Mo , bonds, . . . . 14,000 00 15,170 00 

Schuyler County, Mo., bonds, . . . . 4,500 00 4,727 50 

St. Louis & Council Bluffs, O., RR. bonds, . 6,000 00 6,580 00 

Jacksonville, 111 , city bonds, .... 19,500 00 20,229 50 

Cass. Ave. & Fair Ground Railway bonds, . 25,000 00 26,125 00 

American Exchange Bank stock, . . . 21,000 00 32,760 00 

City of Dexter bonds, 10,000 00 11,000 00 



162 



CITIZENS INSURANCE CO. 



City of Paris bonds, 

City of Holden, Mo., bonds, 

Mt. Pleasant Top, Bates County, Mo., bonds, 



Par Value. 

$7,000 00 

5,000 00 

20,000 00 



Market Value, 

$7,455 00 

5,112 00 

21,200 00 



$396,800 00 $388,076 50 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $5,477 00 

Loans on mortgage of real estate (first liens*), 266,650 00 

Interest due or accrued thereon, . . . 5,046 00 

Stock and bonds, as per schedule, . . . 388,076 50 

Cash in the office of the company, . . . 2,946 93 

Cash deposited in bank, ..... 26,471 52 

Premiums in course of collection (gross), . 49,737 51 
Gross assets, ...... 



$744,405 46 



Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, .... 



$14 50 

18,204 68 

675 00 

210,161 11 

7,489 93 

3,138 24 



239,683 46 

$504,722 00 
200,000 00 

$304,722 00 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, ....... 

Premiums now in course of collection, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1896, 

Premiums on risks written or renewed, . 

Entire premiums collected, 

Interest received on mortgages, 

Interest and dividends received from all other 

Gross cash income, . . . ' . 



$37,658 61 
3L5,982 73 



$353,641 34 
49,737 51 

$87 49 
994 16 



sources, 



$303,903 83 



1,081 65 
13,649 76 
14,711 48 

. $333,346 72 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$372,450 00 
314,250 00 
271,300 00 



THE COLONIAL ASSURANCE CO. 



163 



Expenditures. 

Cash paid for fire losses, 

Cash paid for marine and inland losses, . . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1897, . 

Deduct risks expired and terminated, 



. $28,520,972 00 
. 25,627,281 00 



. $54,148,253 00 
. 19,858,073 00 



. $34,290,180 00 
648,177 00 



. |33,642,003 00 
. $204,985 00 
. $204,985 00 



Miscellaneous. 
Losses paid from organization of company, . , , 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent ), . 
Company's stock owned by directors, .... 



$148,647 36 
58 01 
12,000 00 
72,496 73 
19,659 90 
9,196 73 
17,893 42 

$279,952 15 



Premiums. 

$357,604 00 
315,982 73 

$673,586 73 
268,115 82 

$405,470 91 
6,419 91 

$399,051 00 

$994 16 

$994 16 



$3,609,838 00 

149,121 00 

58 00 

821,798 00 

12,000 00 

184,800 00 



"THE COLONIAL ASSURANCE COMPANY OF THE CITY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated June 16, 1896. Commenced business July 15, 1896.] 
Paid-up Capital, $200,000. 



LEO H. WISE, President. 



E. E. HALL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $100,000 00 

New York city bonds, 150,000 00 

New York State bonds, 100,000 00 

Brooklyn city bonds, 25,000 00 

Morris & Essex R.R. bonds, .... 25,000 00 



Market Value. 

$128,500 00 

159,235 00 

102,000 00 

27,000 00 

28,000 00 



$400,000 00 $444,735 00 



164 



THE COLONIAL ASSURANCE CO. 



Summary of Assets Dec. 31, 1897. 



Stocks and bonds, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, 

Interest due and accrued, 

Premiums in course of collection (gross), 

Gross assets, . . 
Deduct special deposits in other States, . 



Balance, 



$444,735 00 
9,150 83 

23,199 30 
3,332 50 

71,369 88 



$551,787 51 
12,850 00 

$538,937 51 



Liabilities. 



Total amount of losses, 
Less reinsurance, 



Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital; 



$34,803 83 
5,220 00 

$29,583 83 

141,965 39 

13,025 72 

19,267 01 

11,521 55 

$215,363 50 
1,018 33 



214,345 17 



$324,592 34 
200,000 00 

$124,592 34 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total,. . . . . 
Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 

Gross cash income, 



$56,472 00 
416,166 31 

$472,638 31 
71,369 88 

$401,268 43 
103,400 68 



$297,867 75 
12,346 02 

$310,213 77 



Expenditures. 
Cash paid for fire losses, . . . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

Gross cash expenditures, .... 



$143,104 28 

88,660 69 

3,258 61 

4,982 54 

$240,006 12 



COMMERCE INSURANCE CO. 



165 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

. $18,127,854 00 $179,320 30 
. 44,978,268 00 416,166 31 



Total, . . . . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



1,106,122 00 $595,486 61 
. 32,676,225 00 289,731 11 



$30,429,897 00 $305,755 50 
2,741,517 00 22,730 65 



. $27,688,380 00 $283,024 85 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$435,974 00 

161,792 00 

160,591 00 

78,300 00 



" COMMERCE INSURANCE COMPANY," ALBANY, N. Y. 

[Incorporated June 1, 1859. Commenced^ business June 1, 1859.] 

Paid-up Capital, $200,000. 

GARRET A. VAN ALLEN, President. E. DARWIN JENISON, Secretary. 



Detailed Statement of Stocks 

United States bonds, ... 

Thomson Pulp & Paper Co. bonds, . 
150 shares First National Bank, Albany, N. Y., 

60 ' 
50 ! 
50 ' 
25 ' 
300 ' 



Nat'l Exchange B'k, Albany, N. Y., 
National Bank, Cohoes, N. Y., 
South End Bank, Albany, N. Y., , 
Holland Trust Co., New York, , 
Rensselaer & Saratoga RR., . , 



and Bonds. 

Par Value. 

$100,000 00 

10,000 00 

15,000 00 

6,000 00 

5,000 00 

5,000 00 

2,500 00 

30,000 00 



Market Value. 

$128,000 00 

10,000 00 

23,250 00 

5,400 00 

7,000 00 

3,000 00 

2,000 00 

54,000 00 



Securities held as collateral for cash loans : — 

70 shares First National Bank, Albany, N. Y., 
5 " iEtna Ins. Co., Hartford, Conn., 



$173,500 00 $232,650 00 

Market Value. Loaned Thereon. 

$10,850 00 $7,000 00 

1,370 00 350 00 



$12,220 00 $7,350 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $75,000 00 
Loans on mortgage of real estate (first liens*), 68,900 00 

* Value of lands mortgaged, $63,000 00 

Value of buildings thereon 141,400 00 

Amount of insurance held as collateral, , . „ «, 77,250 00 



166 



COMMERCE INSURANCE CO. 



Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, . 

Premiums in course of collection (gross), 

Rents, , 

Gross assets, 



$150 00 

232,650 00 

7,350 00 

731 48 

16,204 83 

8,234 10 

979 98 



$410,200 39 



Liabilities. 

Losses adjusted, unpaid, . , . . . $1,500 00 

Losses claimed and reported, .... 12,830 00 

Unearned premiums on outstanding risks, . 89,429 73 

State and local taxes, 108 86 

Commissions and brokerage, . . . , 1,214 76 

Return premiums and reinsurance, . . . 1,063 15 

Reinsurance disallowed, . . . . . 3,581 84 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



109,728 34 

$300,472 05 
200,000 00 



,472 05 



Income. 
Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 



$8,126 59 
145,226 97 



Total, ........ $153,353 56 

Premiums now in course of collection, . , 8,234 10 



Entire premiums collected, .... $145,119 46 
Less reinsurance and return premiums, . . 20,670 71 

Net cash fire premiums received, 

Interest received on mortgages, ..... 
Interest and dividends received from all other sources, . 
Income from rents, . 



Gross cash income, 



$124,448 75 

3,097 11 

10,402 84 

6,341 05 

$144,289 75 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, .... 



,343 83 
1,520 46 



,823 37 

16,000 00 

26,179 03 

11,997 46 

7,078 91 

7,475 65 

$129,554 42 



THE COMMERCIAL UNION FIRE INSURANCE CO. 



167 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1896, , . $18,124,020 00 $196,036 65 
Fire risks written during 1897, . . . 13,753,133 00 145,226 97 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



^31,877,153 00 $341,263 62 
14,600,751 00 156,611 76 



$17,276,402 00 $184,651 86 
781,109 00 7,482 03 



.$16,495,293 00 $177,169 83 



Miscellaneous. 

Premiums received from organization of company, . . $5,474,085 00 

Losses paid from organization of company, .... 3,513,017 00 

Fire losses incurred daring the year, 63,943 00 

Cash dividends declared from organization of company, . 872,000 00 

Dividends declared during the j*ear (8 per cent.), . . . 16,000 00 

Company's stock owned by directors, 59,000 00 



"THE COMMERCIAL UNION FIRE INSURANCE COMPANY OF 

NEW YORK," N. Y. 

[Incorporated Oct. 30, 1890. Commenced business April 1, 1891.] 

Paid-up Capital, $200,000. 

CHARLES SEWALL, President. A. H. WRAY, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, . 

New York city armory bonds, . 

New York city water loan, 



Par Value. 

$20,000 00 

200,000 00 

13,000 00 



Market Value. 

$25,700 00 

200,000 00 

13,845 00 



|233,000 00 $239,545 00 



Summary of Assets Dec. 31, 1897. 

Stocks and bonds, as per schedule, . . . $239,545 00 

Cash in the office of the company, ... 5 68 

Cash deposited in bank, 9,949 61 

Interest due and accrued, 1,247 08 

Premiums in course of collection (gross), , 16,832 47 

Gross assets, . . . . . . 



$267,579 84 



168 



THE COMMERCIAL UNION FIRE INSURANCE CO. 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums, . . . 
Reinsurance, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



$1,783 05 
1,000 00 

30,092 83 

1,305 00 

280 79 

2,871 96 



$37,333 63 

$230,246 2i 
200,000 00 



$30,246 21 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 



$9,821 43 
110,627 55 



Total, $120,448 98 

Premiums now in course of collection, . . 16,832 47 



Entire premiums collected, . , 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, 



3,616 51 
45,845 60 



$57,770 91 
7,211 49 



Gross cash income, $64,982 40 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, . 

Gross cash expenditures, ...» 



$40,983 30 
6,129 19 



$34,854 11 
6,000 00 
12,821 36 
1,164 96 
2,040 10 
1,081 15 

$57,961 68 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total,. . . . . . 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. $5,602,478 00 
. 11,965,801 00 



Premiums. 

$60,420 88 
110,627 55 



.$17,568,279 00 $171,048 43 
. 8,837,110 00 84,602 16 



p8,731,169 00 
2,292,256 00 



,446 27 

27,100 00 



1,438,913 00 $59,316 27 



THE COMMONWEALTH INSURANCE CO. 



169 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (3 per cent.), . 
Company's stock owned by directors, . ... 



$206,961 00 

122,086 00 

34,720 00 

21,000 00 

6,000 00 

7,500 00 



"THE COMMONWEALTH INSURANCE COMPANY OF 
NEW YORK," N. Y. 

[Incorporated Aug. 23, 1886. Commenced business Sept. 15, 1886.] 

Paid-up Capital, $500,000. 

CHARLES 8. BARTOW, President. E. J. PERRIN", Secretary pro tern. 



Detailed Statement of Stocks 



United States bonds, .... 
New York city stock and bonds, 
Missouri, Kansas & Texas R'y bonds, 
American Cotton Oil Co bonds, 

200 shares American Telegraph & Cable Co. 

125 

100 
1,500 

200 

100 

100 

200 

400 

100 

100 

100 

100 ' 

200 

117 

200 

200 
50 

100 

100 

150 

100 

100 ' 

100 

100 ' 

220 ' 
50 ' 



American Surety Co., . 
American Sugar Refining Co., 
Brooklyn City R.R. Co., 
Central R.R. Co. of New Jersey, . 
Chicago & Alton R.R. Co., . 
C. C, C. & St. Louis R.R , . 
Chic , Mil. & St. Paul R'y, . 
Chicago & Northwestern R'y, 
Chic, St. Paul, Minn. & Om'ha R'y, 
Canada Southern R'y Co., . 
Consolidated Gas Co. of N. Y., . 
Delaware, Lack. & Western R'y, . 
Delaware & Hudson Canal Co., . 
Edison Electric 111. Co., Brooklyn, 
Edison Electric 111. Co., New York, 
Illinois Central R.R. Co., 
Kas. City, St. Louis & Chic. R.R., 
Pullman's Palace Car Co., . 
Manhattan Railway Co., 
Lake Shore & Mich South'n R R., 
Lake Erie & Western R.R , . 
N. Y., New Haven & Hart. R R., . 
Rome, Watert'n & Ogd'b'gh R.R,, 
Toledo & Ohio Central Railway, . 
Western Union Telegraph Co., . 
Merchants' National Bank, N. Y., 



and Bonds. 

Par Value. 

$40,000 00 

155,000 00 

10,000 00 

5,000 00 
20,000 00 

6,250 00 
10,000 00 
15,000 00 
20,000 00 
10,000 00 
10,000 00 
20,000 00 
40,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
20,000 00 
11,700 00 
20,000 00 
20,000 00 

5,000 00 
10,000 00 
10,000 00 
15,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
22,000 00 

2,500 00 



Market Value. 

145,300 00 
155,400 00 

8,525 00 

5,337 50 
17,000 00 
10,312 50 
11,000 00 
29,250 00 
18,600 00 
16,000 00 

7,500 00 
28,000 00 
55,600 00 
14,500 00 

5,162 50 
17,200 00 
15,200 00 
22,000 00 
12,285 00 
24,200 00 
20,200 00 

6,818 75 
17,000 00 
10,800 00 
25,425 00 

6,800 00 
18,000 00 
11,500 00 

4,500 00 
19,360 00 

3,625 00 



170 



THE COMMONWEALTH INSURANCE CO. 



25 shares National B'k of Commerce, N. Y. 



13 

25 
50 
50 
200 
50 
17 
50 



Bank of America, New York, 
Central National B'k, New York 
German American B'k, New York 
New York Produce Exchange B'k 
N. Y. Cent. & Hudson River R.R. 
Corn Exchange Bank, . 
Manhattan Company Bank, . 
National Park Bank of New York 



Par Value. 

$2,500 00 

1,300 00 
2,500 00 
3,750 00 
5,000 00 
20,000 00 
5,000 00 
850 00 
5,000 00 



Market Value. 

$5,000 00 
4,290 00 
4,000 00 
4,200 00 
5,700 00 

20,800 00 

14,250 00 
1,955 00 

13,000 00 



$623,350 00 $735,596 25 



Summary of Assets Dec. 31, 1897. 



Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Losses reported, ..... 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums, .... 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 

Paid-up capital, 

Scrip outstanding, not ordered to be redeemed 

Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, . . 
Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



$ 110,000 00 

910 43 

735,596 25 

786 14 

29,318 84 

3,496 61 

24,285 32 



$19,893 39 

93,232 30 
1,200 00 
2,579 81 
3,249 17 
1,016 86 



$500,000 00 
9,191 00 



$28,940 58 
209,589 72 



$238,530 30 
24,285 32 

$214,244 98 
39,229 96 



$904,393 59 



121,171 53 

$783,222 06 



509,191 00 
$274,031 06 



$175,015 02 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$86,500 00 
93,500 00 
98,000 00 



THE CONCORDIA FIRE INSURANCE CO. 



171 



Interest received on mortgages, .... 
Interest and dividends received from all other sources, 
Profits on securities sold, . . . . 



Gross cash income, . 

Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, . , . • 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



|48,692 94 
3,918 41 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



.$20,962,627 00 
. 24,633,332 00 



. $45,595,959 00 
. 25,437,087 00 



.$20,158,872 00 
554,040 00 



$8,188 83 

29,446 77 

584 90 

21,3,235 52 



,774 53 
45,000 00 
19,700 54 
29,039 00 
6,920 79 
11,465 70 

$156,900 56 

Premiums. 

$202,598 63 
209,589 72 

$412,188 35 
225,671 97 

$186,516 38 
3,868 35 



.$19,604,832 00 $182,648 03 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, , 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (9 per cent.), . 
Company's stock owned by directors, 



^2,171,402 00 

1,189,246 00 

54,585 00 

201,000 00 

45,000 00 

145,800 00 



"THE CONCORDIA FIRE INSURANCE COMPANY OF 
MILWAUKEE," MILWAUKEE, WIS. 

[Incorporated March 7, 1870. Commenced business March 22, 1870.] 

Paid-up Capital, $200,000. 

GEO. BRUMDER, President. GUSTAV WOLLAEGER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Chicago, 111., sewerage bonds, .... $25,000 00 $25,700 00 

Cincinnati sinking fund bonds, . . . 40,000 00 43,800 00 

Washington Co., 111., bonds, . . . . 15,000 00 15,862 50 

Lincoln, Neb., school bonds, .... 25,000 00 25,687 50 

State of Montana Agricultural College bonds, 40,000 00 42,480 00 



172 



THE CONCORDIA FIRE INSURANCE CO. 



Fond du Lac, Wis., bonds, 
Sparta, Wis., bonds, .... 
Dubuque, Iowa, improvement bonds, 
Whiting, Ind., water works bonds, . 
Kansas City, Mo., funding bonds, . 



Summary of Assets Dec. 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Prem's more than three mos. due, . f 7,365 15 
Gross assets, , 



Par Value. 

$30,000 00 

3,000 00 

30,000 00 

10,000 00 

11,900 00 



Market Value. 

$30,570 00 

3,000 00 

30,390 00 

11,215 00 

13,506 50 



$229,900 00 $242,211 50 



31, 



1897, 

,705 00 

6,717 58 

242,211 50 

6,943 53 

36,975 79 

4,723 75 

83,366 37 



$880,643 52 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, return premiums 
and reinsurance, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, . . . 
Premiums now in course of collection, . 

Entire premiums collected, . . , 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 



$11,741 17 

16,898 00 

7,400 00 

$36,039 17 
3,776 29 

f32,262 88 
407,186 35 

20,841 59 



$75,956 53 
554,892 47 

$630,849 00 
90,731 52 

$540,117 48 
125,878 96 



460,290 82 



$420,352 70 
200,000 00 

$220,352 70 



$414,238 52 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$783,650 00 
712,550 00 
377,650 00 



CONNECTICUT FIRE INSURANCE CO. 



173 



Interest received on mortgages, .... 
Interest and dividends received from all other sources, 



$29,425 34 
6,918 63 



Gross cash income, . . . . . . . f 450,582 49 



Expenditures. 

Cash paid for fire losses, . . . . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, . . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for miscellaneous, .... 



$218,817 13 
34,701 42 



Gross cash expenditures, 



,115 71 

18,000 00 

95,866 63 

29,159 50 

12,364 32 

45,368 73 

$384,874 89 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

. f72,580,438 00 $857,273 43 
. 46,294,786 00 554,892 47 



Total,. 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$118,875,224 00 $1,412,165 90 
. 41,548,207 00 526,386 21 



. $77,327,017 00 
. 9,824,932 00 



5,779 69 
91,078 07 



.$67,502,085 00 $794,701 62 



Miscellaneous. 

Premiums received from organization of company, . . $5,687,296 00 

Losses paid from organization of company, .... 3,089,762 00 

Fire losses incurred during the year, . 189,157 00 

Cash dividends declared from organization of company, . 247,667 00 

Dividends declared during the year (9 per cent.), . , . 18,000 00 

Company's stock owned by directors, . . . . 152,100 00 



"CONNECTICUT FIRE INSURANCE COMPANY," HARTFORD, 

CONN. 

[Incorporated June, 1850. Commenced business July, 1850.] 

Paid-up Capital, $1,000,000. 

J. D. BROWNE, President. CHARLES R. BURT, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Dominion of Canada, . . „ , $100,000 00 $103,500 00 

State of Georgia, . . . . . . 25,000 00 28,750 00 

State of Tennessee, . . . . . 25,000 00 22,500 00 

Territory of Arizona, ..... 25,000 00 25,625 00 



174 



CONNECTICUT FIRE INSURANCE CO. 



City of Astoria, Ore., 

City of Dallas, Texas, 

City of Duluth, Minn., . 

City of Fargo, N. D., 

City of Helena, Montana, 

City of Middletown, Conn., 

City of New Britain, Conn., 

City of Pawtucket, R. 1., . 

City of Portland, Oregon, 

City of Richmond, Ya , . 

City of Salem, Oregon, 

City of Salt Lake, Utah, . 

City of Seattle, Washington, . 

City of Urbana, Ohio, 

Hennepin County and Minneapolis City, 

Wayne County, Mich., 

Mankato School District, Minn., 

School District No. 2, Arapahoe County, Col 

School District No. 11, El Paso County, Col., 

School District No. 24, Marion County, Ore., 

Black Rocks & Salisbury Beach St. R.R., 

Broadway & Seventh Avenue R.R. Co., 

C, B. & Q. R.R. Co , ... 

Cleve , Cin., Chic. & St. L R R., . 

Cleve. Electric Railway Co., . 

Cin , D. & Ironton R R. Co., 

Cin., Hamilton & Dayton R.R. Co., . 

Cleveland & Mahoning Valley R.R., 

Chicago & Western Indiana R R. Co., 

Chicago & Northwestern R.R. Co., . 

Chicago, St Louis & New Orleans R.R., 

Detroit, Grand Rapids & Western R.R., 

Dayton & Michigan R.R. Co., . 

Fitchburg R.R. Co., .... 

Harlem River & Port Chester R.R., . 

Lehigh Valley Railway Co., 

Hartford Street Railway Co., . 

Housatonic R.R. Co., .... 

Indiana, Illinois & Iowa R.R. Co., . 

Lynn & Boston Railway Co., . 

Manitou & Pike's Peak Railway Co., 

North Chicago Street R.R. Co., 

N. Y., New Haven & Hartford R.R. Co. ctfs., 

New York Central & Hudson River R.R., 

Pennsylvania & New York Canal & R.R. Co 

Port Reading R.R. Co., . 

Chicago Edison Co., ..... 

Toledo & Ohio Central R.R. Co., . 



Par Value. 

$12,000 00 
12,000 00 
11,473 00 
15,000 00 
17,000 00 
10,000 00 
10,000 00 
30,000 00 
25,000 00 
50,000 00 
11,000 00 
50,000 00 
25,000 00 
15,000 00 
25,000 00 
25,000 00 
15,000 00 
25,000 00 
15,000 00 
13,000 00 
10,000 00 
20,000 00 
25,900 00 
10,000 00 
20,000 00 
15,000 00 
50,000 00 
10,000 00 
15,000 00 
5,000 00 
25,000 00 
3,500 00 
25,000 00 
50,000 00 
40,000 00 
25,000 00 
25,000 00 
30,000 00 
25,000 00 
10,000 00 
10,000 00 
10,000 00 
40,000 00 
25,000 00 
25,000 00 
10,000 00 
20,000 00 
15,000 00 



Market Value. 

$12,600 00 
12,000 00 
11,588 00 
16,080 00 
18,020 00 
10,500 00 
10,100 00 
30,600 00 
27,500 00 
50,000 00 
11,880 00 
51,500 00 
25,000 00 
15,000 00 
27,500 00 
25,750 00 
15,000 00 
25,000 00 
15,150 00 
14,040 00 

9,500 00 
21,400 00 
26,855 00 

9,200 00 
20,400 00 
15,750 00 
52,500 00 
11,500 00 
17,400 00 

5,400 00 
24,500 00 

2,450 00 
26,750 00 
51,500 00 
47,200 00 
25,312 00 
25,250 00 
30,000 00 
22,000 00 
10,200 00 

9,000 00 
10,400 00 
48,000 00 
25,937 00 
26,500 00 
10,200 00 
21,300 00 
15,000 00 



CONNECTICUT FIRE INSURANCE CO. 



175 



Waterbury, Conn., Traction Co., 

W. Chicago St. R.R. Co., 

W. Chicago St. R R. Tunnel Co., . 
Brooklyn Wharf & Warehouse Co., . 
Hartford Electric Light Co , . 
Minneapolis Gas Light Co., .... 
Northwestern Telegraph Company, 
Central Safety Deposit Co., Chicago, 
Traders 1 Safe and Trust Co., Chicago, 
150 shares Bald Eagle Valley R.R., . 
142 " Boston & Albany R.R., . . 
440 " Chicago, Burlington & Quincy R.R., 
150 " Chicago & Northwestern R R., 
220 " Chicago, Rock Island & Pacific R R , 
300 " N Y. Central & Hudson River R.R., 
375 " N. Y., N. H. & Hartford R.R., 
300 " Pitts., F. W. & Chicago R.R., . 
200 " Empire & B. S. Telegraph Co., 
600 " Northwestern Telegraph Co., 
167 " First National Bank, Minneapolis, . 
100 " Importers' & Traders 1 N'l 13% N.Y., 

11 " Second NatU Bank, New Haven, . 
100 " iEtna National Bank, Hartford, 

93 " Charter Oak Nat'l Bank, Hartford, 
125 " Farm. & Mech. N'l Bank, Hartford, 
185 " First Nat'l Bank, Hartford, . 
300 " Hartford National Bank, Hartford, 
100 " Mercantile Nat'l Bank, Hartford, . 
412 " Nat'l Exchange Bank, Hartford, . 
150 " Phoenix Nat'l Bank, Hartford, 

45 " Conn. Trust & S. D. Co., Hartford, 



Securities held as collateral for cash loans 

Denver Union water bonds, 

Lima Lake (111.) Drainage Co. bonds, 

Governor's Foot Guards bonds, 



Par Value. 

$10,000 00 
10,000 00 
10,0(0 00 
75,000 00 
10,000 00 
25,000 00 
15,000 00 
25,000 00 
10,000 00 

7,500 00 
14,200 00 
44,000 00 
15,000 00 
22,000 00 
30,000 00 
37,500 00 
30,000 00 
20,000 00 
30,000 00 
16,700 00 
10,000 00 

1,100 00 
10,000 00 

9,300 00 
12,500 00 
18,500 00 
30,000 00 

5,000 0Q 
20,600 00 
15,000 00 

4,500 00 



Market Value. 

110,000 00 
10,400 00 
10,100 00 
75,000 00 
10,200 00 
26,000 00 
16,500 00 
25,000 00 
10,000 00 
15,000 00 
30,814 00 
43,560 00 
18,000 00 
19,800 00 
31,800 00 
67,500 00 
49,500 00 
14,800 00 
33,600 00 
12,525 00 
53,000 00 

1,870 00 
14,000 00 

8,370 00 
13,750 00 
20,350 00 
42,000 00 

3,000 00 
26,780 00 
18,750 00 

7,200 00 



11,774,273 00 f 1,965,756 00 



Market Value. Loaned Thereon, 

$1,260 00^ 

900 00 i $2,000 00 
500 00 ) 



$2,660 00 $2,000 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $209,325 00 
Loans on mortgage of real estate (first liens*), 1,090,659 00 
Stocks and bonds, as per schedule, . . . 1,965,756 00 



* Value of lands mortgaged, . . 
Value of buildings thereon, . . . 
Amount of insurance held as collateral, 



$1,659,180 00 
1,544,250 00 
1,049,150 00 



176 



CONNECTICUT FIRE INSURANCE CO. 



Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . 
Premiums in course of collection (gross), 
Bills receivable not matured, . 

Gross assets, ..... 
Deduct special deposits in other States, . 

Balance, ...... 



$2,000 00 

645 04 

127,660 69 

250,383 07 

2,125 75 



$3,648,554 55 
184,140 00 

$3,464,414 55 



Liabilities. 

Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Reinsurance and return premiums, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, 

Surplus over capital, . 



$133,784 41 
13,894 40 



$147,678 81 
7,354 14 



$140,324 67 
1,434,729 63 
23,927 64 
6,041 48 
26,562 94 
26,130 10 
27,130 14 



1,684,846 60 
56,810 00 



1,628,036 60 



. $1,836,377 95 
. 1,000,000 00 



$836,377 95 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $232,808 74 
Premiums on risks written or renewed, . . 1,913,533 42 



Total, ...... 

Premiums now in course of collection, 



1,146,342 16 
250,383 07 



Entire premiums collected, .... $1,895,959 09 
Less reinsurance and return premiums, . . 239,300 78 

Net cash fire premiums received, . . . - — — — $1,656,658 31 

Interest received on mortgages, , 50,510 41 

Interest and dividends received from all other sources, . . 90,048 41 



Gross'cash income, 



l,797,217 13 



CONTINENTAL INSURANCE CO. 



177 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees,- 

for State and local taxes, 

for miscellaneous, . . 

Gross cash expenditures, .... 



$831,584 29 
28,798 20 



$802,786 09 
100,000 00 
305,790 43 
134,760 76 
41,991 30 
125,539 57 

1,510,868 15 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$227,280,789 00 $2,852,658 38 
155,122,989 00 1,913,533 42 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$382,403,778 00 $4,766,191 80 
145,440,893 00 1,855,379 79 



$236,962,885 00 $2,910,812 01 
8,297,836 00 99,542 66 



$228,665,049 00 $2,811,269 35 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$23,556,420 00 

13,289,599 00 

801,095 00 

2,205,000 00 

100,000 00 

44,800 00 



"CONTINENTAL INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated November, 1852. Commenced business January, 1853.] 

Paid-up Capital, $1,000,000. 

F. C. MOORE, President. EDWARD LANNING-, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

250 shares American Exchange Nat'l Bank, $25,000 00 $41,250 00 

50 " Bank of America, . . . 5,000 00 15,500 00 

1,200 " Mechanics 1 National Bank, . 30,000 00 55,500 00 



178 



CONTINENTAL INSURANCE CO. 



Par Value. Market Value. 

250 shares Mercantile National Bank, . $25,000 00 $40,000 00 

350 " Merchants' National Bank, . 17,500 00 22,750 00 

100 " Nassau Bank, . . . . 5,000 00 7,250 00 

382 " Phenix National Bank, . . 7,640 00 6,876 00 

49 " Albany & Susquehanna R.R., . 4,900 00 8,575 00 

500 " Atlanta & Charlotte Air Line R.R., 50,000 00 47,500 00 

200 " Central Trust Co., . . . 20,000 00 200,000 00 

1,100 " Chicago, Burl. & Quincy R.R., . 110,000 00 99,000 00 

1,500 " Chicago, Mil. & St. Paul Railway, 150,000 00 195,000 00 

449 " Chicago & Alton R.R., . . 44,900 00 76,330 00 

1,500 " Chic. & Northwestern Railway, . 150,000 00 225,000 00 

500 " Chic, Rock Island & Pacific R'y, . 50,000 00 40,000 00 

1,000 " Chic, St. Paul., Minn. &Om'ha R'y, 100,000 00 125,000 00 

1,000 " Clev.,Cin, Chic & St. Louis R.R., 100,000 00 70,000 00 

1,000 " Consolidated Gas Co. of N. Y., . 100,000 00 160,000 00 

200 " Delaware & Hudson Canal Co., . 20,000 00 20,000 00 

10,000 " Brooklyn City R.R. Co., . . 100,000 00 175,000 00 

500 " N. Y., Chicago & St. Louis R'y, 50,000 00 32,500 00 

1,500 " Lake Shore & Mich. South'n R'y, 150,000 00 240,000^00 

4,161 " New York & Harlem R.R , . 208,050 00 624,150 00 

500 " N. Y., New Haven & Hart. R.R., . 50,000 00 85,000 00 

1,000 " Pennsylvania R.R. Co., . . 50,000 00 52,500 00 

5,000 " Pitts., McKees. & Yough. R.R., . 250,000 00 300,000 00 

500 " Rome, Watert'n & Ogd'sb'g R.R., 50,000 00 57,500 00 

500 " St. Paul & Duluth R.R., . . 50,000 00 37,500 00 

1,000 " St. Paul, Minn. & Manitoba R'y, 100,000 00 110,000 00 

2,000 " United N.J. R.R. & Canal Co., . 200,000 00 480,000 00 

Cedar Rapids, la. Falls &Northw'n R.R. bonds, 50,000 00 50,000 00 

Chicago, Burl. & Quincy R.R. bonds, . . 10,000 00 11,000 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 50,000 00 55,000 00 

Chicago & Northwestern sinking fund bonds, 48,000 00 52,800 00 

Chicago, Rock Island & Pacific R.R. bonds, , 100,000 00 100,000 00 

Chicago, St. Paul, Minn. & Omaha R'y bonds, 100,000 00 125,000 00 

Columbia & Greenville R.R. bonds, . . 50,000 00 50,000 00 

Elmira, Cortland & Northern R.R. bonds, . 50,000 00 50,000 00 

Erie Railway Co. bonds, ..... 50,000 00 67,500 00 

Georgia, Carolina & Northern Railway bonds, 25,000 00 20,000 00 

Metropolitan Street Railway Co. bonds, . . 100,000 00 105,000 00 

Panama R.R. Co. bonds, 100,000 00 100,000 00 

Indiana, Bloomington & Western R.R. bonds, 135,000 00 135,000 00 

Kentucky Central Railway Co. bonds, . . 50,000 00 42,500 00 

Midland Railroad Co. of New Jersey bonds, . 50,000 00 57,500 00 

Milwaukee, Lake Shore & Western R.R. bonds, 100,000 00 125,000 00 

Morris & Essex R.R. bonds, . . . . 50,000 00 67,500 00 

New York Cen. & Hudson River R.R. bonds, . 50,000 00 52,500 00 

New York, Lackawanna & Western R'y bonds, 50,000 00 62,500 00 

N. Y., New Haven & Hartford R.R. bonds, . 20,000 00 26,000 00 

Raleigh & Augusta Air Line R.R. bonds, . 50,000 00 50,000 00 



CONTINENTAL INSURANCE CO. 



179 



Richmond & Danville R.R. bonds, . 
St. Paul, Minn. & Manitoba R.R. bonds, 
Western Union Telegraph Co. bonds, 
Portland, Oregon, water bonds, 
Richmond, Virginia, bonds, 
Alabama bonds, 
Georgia bonds, . 
United States bonds, . 
New York city bonds, 



Par Value. 

$50,000 00 

100,000 00 

150,000 00 

50,000 00 

50,000 00 

10,000 00 

25,000 00 

600,000 00 

300,000 00 



Market Value. 

$57,500 00 

115,000 00 

157,500 00 

55,000 00 

50,000 00 

10,000 00 

26,250 00 

696,000 00 

312,500 00 



$4,895,990 00 $6,534,231 00 



Summary of Assets Dec. 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liensf), 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, 

Cash in the office of the company, 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross), 

Bills receivable not matured, . 

Rents, 

Prem's more than three mos. due, $352,740 69 

Gross assets,! .... 
Deduct special deposits in other States, 

Balance, 



31, 1897.* 

$1,106,250 00 

85,860 00 

1,816 25 

6,534,231 00 

38,688 54 

188,583 87 

66,881 03 

448,158 76 

110,296 85 

1,230 84 



5,581,997 14 
131,250 00 

1,450,747 14 



Liabilities. 

Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 



$298,386 63 
35,275 00 

$333,661 63 
17,075 89 

$316,585 74 

3,666,749 49 

28,725 00 

6,091 68 



* The company holds also instalment premium notes to the amount of $1,470,266.69, which 
do not enter into nor form any part of the assets of the company, as no portion of them is earned. 
Whatever value is attached to them would necessarily be counterbalanced by the addition of an 
amount exactly equal to the reinsurance liability, the entire sum consisting of " unearned pre- 
miums." 

t Value of lands mortgaged, $120,650 00 

Value of buildings thereon, 125,450 00 

Amount of insurance held as collateral 111,375 00 

X Including $600,000 special reserve fund held under the New York laws. 



180 



CONTINENTAL INSURANCE CO. 



Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Reserved for contingencies, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



$1,800 00 

15,000 00 

129,260 29 

300,000 00 

L,464,212 20 
76,544 55 



t,387,667 65 



Surplus as regards policy holders, 
Paid-up capital, 



. $4,063,079 49 
. 1,000,000 00 



Surplus over capital, $3,063,079 49 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, . 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, . 



$498,711 25 
3,225 30 

$495,485 95 
4,150,221 02 

14,645,706 97 
558,455 61 

14,087,251 36 
439,166 23 



1,648,085 13 

5,678 83 

287,326 59 

23,861 89 



Gross cash income, $3,964,952 44 



Expenditures. 

Cash paid for fire losses, $1,683,211 57 

Deduct salvage and reinsurance, . . . 24,298 31 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Cash dividends paid, 

Cash paid for redemption of scrip, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 



,658,913 26 

55,728 21 

198,800 00 

99 68 

740,256 06 

325,594 37 

70,128 03 

213,503 65 



Gross cash expenditures, 



5,263,023 26 



THE DELAWARE INSURANCE CO. 



181 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$698,309,163 00 

463,225,461 00 

1,161,534,624 00 

415,971,791 00 

$745,562,833 00 

4,649,568 00 



Premiums. 

$7,066,713 86 
4,150,221 02 

511,216,934 88 
3,926,289 29 

$7,290,645 59 
37,763 17 



$740,913,265 00 $7,252,882 42 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
Company's stock owned by directors, .... 



,927,511 00 

37,934,786 00 

1,704,864 00 

5,869,357 00 

200,000 00 

152,300 00 



"THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.] • 
Paid-up Capital, $702,875. 
TATTNALL PAULDING, President. HENRY LYLBURN, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, 1100,000 00 $114,000 00 

Tennessee State bonds, 31,300 00 28,483 00 

Georgia State bonds, 25,000 00 26,000 00 

Richmond, Va., city bonds, . . . . 37,000 00 38,480 00 

Newark, N. J., city bonds, .... 75,000 00 77,250 00 

Camden, N. J., city bonds, .... 30,000 00 30,600 00 

Springfield, 111., city bonds, . . . . 25,000 00 26,250 00 

Allentown Terminal R.R. bonds, . \ . 50,000 00 50,500 00 

Lehigh Valley R.R. bonds, . . . . 100,000 00 100,000 00 

Penn. & New York Canal and R.R. Co. bonds, 50,000 00 47,500 00 

Philadelphia, Wil. & Bait. R.R. certificates, . 30,000 00 32,400 00 

Pitts., Youngstown & Ashtabula R.R. bonds, . 40,000 00 44,800 00 

Baltimore Belt R.R. bonds, .... 40,000 00 32,000 00 

Wilmington & Northern R.R. bonds, . . 25,000 00 25,750 00 

Underwriters' Salvage Co. of N. Y. stock, . 500 00 500 00 

Brooklyn Wharf & Warehouse Co. bonds, . 20,000 00 19,800 00 

St Louis Merchants' Bridge Terminal Co., . 25,000 00 25,750 00 

Delano Land Company's bonds, . . . 30,000 00 31,500 00 



182 



THE DELAWARE INSURANCE CO. 



Mortgage Trust Company, Pennsylvania, 
Lehigh Valley R.R. bonds, 
People's Passenger Railway Co., 
Pittsburgh, Shenango & Lake Erie R.R., . 
Baltimore & Ohio R.R. Co. receivers' certs., 
United Traction Co. (Pittsburgh) bonds, 
Lynn & Boston R.R. Co. bonds, 
Allegheny Valley R.R. Co. bonds, . 
Pennsylvania R.R. stock, .... 
Philadelphia Bourse stock, 
Henry C. Fricke first mortgage bonds, . 



Securities held as collateral for cash loans 

200 shares Bethlehem Iron Co., 

250 " West Chicago Street R.R. Co., 

140 " North Chicago Street R.R. Co., 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Executors' and trustees' notes, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, 

Gross assets, 

Deduct special deposits in other States, . 



Par Value. Market Value. 

M5.000 00 $10,500 00 

25,000 00 25,500 00 

30,000 00 31,250 00 

25,000 00 26,250 00 

25,000 00 25,000 00 

20,000 00 20,500 00 

20,000 00 20,600 00 

50,000 00 51,875 00 

25,000 00 28,500 00 

1,375 00 455 00 

10,000 00 10,300 00 

,175 00 $1,002,293 00 



Market Value. Loaned Thereon. 



$12,000 00 
25,375 00 
31,920 00 



$10,000 00 
20,000 00 
25,000 00 



Balance, $1,570,229 13 



|69,295 00 $55,000 00 

31, 1897. 

$160,000 00 

131,200 00 

1,932 64 

1,002,293 00 

55,000 00 

25,218 75 

298 44 

100,984 14 

156,212 89 

1,569 27 

$1,634,709 13 

64,480 00 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



|6,307 00 

68,380 00 

8,000 00 

$82,687 00 
8,432 00 

$74,255 00 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$258,500 00 
133,500 00 
104,000 00 



THE DELAWARE INSURANCE CO. 



183 



Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 
Reinsurance, ...... 

Reinsurance not allowed, .... 

Miscellaneous, ...... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents and sundries, 

Premiums on perpetual policies, 

Deposits received for perpetual fire risks, 

Gross cash income, .... 



$580,280 45 

94,866 88 

97 00 

15,266 75 

7,443 94 

19,910 66 

478 98 

$792,599 66 
36,617 00 



1,461 97 
936,824 23 

$1,098,286 20 
156,212 89 

$942,073 31 
222,189 23 



sources, 



$755,982 66 

$814,246 47 
702,875 00 

$111,371 47 



),045 73 



$719,884 08 

4,682 66 

42,808 36 

3,395 65 

8,155 05 

$778,925 80 



Expenditures. 



Cash paid for fire losses, . 
Cash paid for marine losses, 



Cash paid for fire and marine losses, 
Deduct salvage on fire losses, . 



Deduct salvage on marine losses, 

Net cash paid for fire, marine and inland losses, 

Cash dividends paid, ... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Deposits returned on perpetual fire risks, 

Gross cash expenditures, .... 



$404,372 51 
2,830 57 

$407,203 08 
45,345 51 

|361,857 57 
5,364 21 



$2,594 20 



$356,493 36 

42,172 50 

154,266 82 

76,331 59 

25,212 06 

64,827 71 

$719,304 04 



184 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 
Perpetual risks in force (not incl'd above) , 



$101,213,976 00 
80,787,561 00 

$182,001,537 00 
72,760,077 00 

$109,241,460 00 
10,428,899 00 

,812,561 00 
,839,650 00 



Premiums. 

$1,188,096 44 
936,824 23 

52,124,920 67 
867,641 45 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



11,257,279 22 
126,665 56 

11,130,613 66 
$103,455 68 



531,955,537 00 

18,973,975 00 

367,258 00 

2,613,418 00 

42,172 50 

63,350 00 



"THE DETROIT FIRE AND MARINE INSURANCE COMPANY," 

DETROIT, MICH. 

[Incorporated Feb. 1, 1866. Commenced business March 14, 1566.] 

Paid-up Capital, $500,000. 

WILLIAM A. MOORE, President. C. L. ANDREWS, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, ..... $40,000 00 

Ft. Wayne & Belle Isle R.R. bonds, . . 28,000 00 

School Dist. bonds, Springwells, Mich., . . 6,000 00 



Market Value. 

$45,600 00 

28,000 00 

6,000 00 



Securities held as collateral for cash loans : — 

Mortgage assigned, . . . . . . 

Peopled Savings Bank stock, .... 



$74,000 00 $79,600 00 

Market Value. Loaned Thereon. 

$2,000 00 $500 00 



3,000 00 



3,000 00 



$5,000 00 $3,500 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $181,809 07 
Loans on mortgage of real estate (first liens*), 918,978 83 

* Value of lands mortgaged, $1,282,792 00 

Value of buildings thereon 1,104,550 00 

Amount of insurance held as collateral 673,548 00 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



185 



Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Due for reinsurance on losses paid, . 
Prem's more than three mos. due, . $5,566 61 
Gross assets, 



$42,369 59 

79,600 00 

3,500 00 

9,000 01 

50,025 55 

1,216 86 

26,658 84 

2,728 09 

2,973 75 



$1,318,860 59 



Liabilities. 

Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Return premiums, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, .... 



$2,679 78 

24,254 93 

157,178 40 

3,687 74 

2,034 03 



189,834 88 



. $1,129,025 71 
500,000 00 

. $629,025 71 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1896, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, ..... 

Gross cash income, . 



$35,509 21 
223,590 29 

$259,099 50 
30,551 89 

$228,547 61 
44,110 95 

$2,498 42 
42,489 32 

$44,987 74 
4,401 65 

$40,586 09 
6,931 13 



sources, . 



$184,436 66 



33,654 96 

55,802 39 

10,934 72 

1,574 92 

$286,403 65 



186 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, .... 



$81,532 06 




6,941 30 






$74,590 76 




$20,104 07 




2,157 02 






17,947 05 
50,000 00 


• 




27,812 90 




25,611 83 




21,831 32 




18,913 39 


. . . 


$236,707 25 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

I 

Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



$27,701,804 00 
21,131,882 00 



$48,833,686 00 
22,093,666 00 



$26,740,020 00 
785,600 00 



Premiums. 

$317,737 44 
223,590 29 

$541,327 73 
246,488 25 

$294,839 48 
5,450 87 



$25,954,420 00 $289,388 61 



$375,575 00 
2,697,386 00 

^3,072,961 00 
2,410,136 00 



$16,434 74 
42,489 32 

$58,924 06 
34,309 44 



$662,825 00 $24,614 62 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



^6,685,173 00 

3,450,966 00 

84,197 00 

26,012 00 

866,000 00 

50,000 00 

122,600 00 



EASTERN INSURANCE CO. 



187 



"EASTERN INSURANCE COMPANY OF NEW YORK," 
NEW YORK, N. Y. 

[Incorporated March 24, 1896. Commenced business April 22, 1896.] 

Paid-up Capital, $200,000. 

VERNON C. BROWN, President. JAMES MARSHALL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

$90,000 00 
50,000 00 
25,000 00 
10,000 00 

125,000 00 
10,000 00 



New York city bonds, 

West Shore Railroad Co. bonds, 

Equitable Gas Light Co., N. Y., bonds, 

Pennsylvania Co. bonds, . 

United States bonds, 

Manhattan Railway Co. bonds, 



Market Value. 

$96,075 00 
54,375 00 
29,000 00 
11,150 00 

158,950 00 
9,500 00 



110,000 00 $359,050 00 



Summary of Assets Dec. 31, 1897. 



Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, . . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Prem's more than three mos. due, . $473 54 
Gross assets, . . . . 



$72,000 00 

906 67 

359,050 00 

27,198 18 

1,200 00 

64,934 81 



- — $525,289 66 



Liabilities. 

Losses claimed and reported, . 

Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Return premiums, 

Reinsurance, 

Reinsurance not allowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$23,456 73 
535 13 

$22,921 60 

114,436 28 

15,302 00 

7,500 10 

3,261 04 

50 00 



163,471 02 



31,818 64 
200,000 00 

$161,818 64 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$81,000 00 
44,000 00 
40,000 00 



188 



EASTERN INSURANCE CO. 



Income. 
Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Gross cash income, .... 



$27,566 09 
334,321 90 



$361,887 99 
64,934 81 

.953 18 
83,235 29 



sources, 



$213,717 89 

2,901 92 

10,254 00 

$226,873 81 



Expenditures, 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 
for State and local taxes, 

for rent, 

for auditing, .... 

Gross cash expenditures, . 



$67,713 77 
14,199 16 



$53,514 61 

10,000 00 

69,942 91 

3,315 55 

750 00 

195 00 

. $137,718 07 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

. $13,751,120 00 $109,211 43 
. 40,932,978 00 334,321 90 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . . 



. $54,684,098 00 $443,533 33 

. 21,509,131 00 202,618 08 

.$33,174,967 00 $240,915 25 

. 3,172,459 00 21,280 42 



.$30,002,508 00 $219,634 83 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, .... 



$299,014 00 
62,774 00 
84,142 00 
10,000 00 
10,000 00 
85,500 00 



EMPIRE CITY FIRE INSURANCE CO. 



189 



"EMPIRE CITY FIRE INSURANCE COMPANY," NEW YORK, N.Y. 

[Incorporated October, 1850. Commenced business October 5, 1850.] 

Paid-up Capital, $200,000. 

LINDLEY MURRAY, Jr., President. DAVID J. BURTIS, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, 

New York city bonds, . . 
Lake Shore & Michigan Southern R'y bonds, . 
American Exchange National Bank stock, 
Underwriters' Salvage Co., . 



Par Value. 

$205,000 00 

40,000 00 

10,000 00 

5,000 00 

500 00 



Market Value. 

$230,500 00 

40,000 00 

10,280 00 

8,737 50 



f260,500 00 $289,517 50 



Summary of Assets Dec. 31, 1897. 



Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 

. Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, . . \ 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



$5,500 00 

137 50 

289,517 50 

280 51 

17,903 98 

2,150 00 

10,091 68 



$10,050 00 

38,660 90 

1,513 75 

31 00 



$11,658 87 
77,346 00 



,004 87 
10,091 68 



,913 19 
16,530 83 



325,581 17 



50,255 65 

$275,325 52 
200,000 00 

$75,325 52 



$62,382 36 



* Value of lands mortgaged, $5,000 00 

Value of buildings thereon 10,000 00 

Amount of insurance held as collateral, 5,000 00 



190 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from all other sources, 

Gross cash income, 



Expenditures. 
Cash paid for fire losses, ... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 



Gross cash expenditures, 



|275 00 

10,558 49 

215 00 

$73,430 85 



132,739 08 

12,000 00 

10,557 36 

11,617 50 

383 21 

6,071 22 

$73,368 37 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

.$11,458,230 00 $104,956 35 
. 9,081,511 00 77,346 00 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



,539,741 00 $182,302 35 
11,196,642 00 102,195 30 



1,343,099 00 
140,078 00 



,107 05 
704 92 



>,203,021 00 $79,402 13 



Miscellaneous. 

Premiums received from organization of company, . . $3,389,747 00 

Losses paid from organization of company, .... 1,590,513 00 

Fire losses incurred during the 3 7 ear, 30,992 00 

Cash dividends declared from organization of company, *. 891,000 00 

Dividends declared during the year (6 per cent.), . . . 12,000 00 

Company's stock owned by directors, . . . . . 46,700 00 



"EQUITABLE FIRE AND MARINE INSURANCE COMPANY, 1 ' 

PROVIDENCE, R. I. 

[Incorporated May, 1859. Commenced business September, I860.] 

Paid-up Capital, $300,000. 

FRED. W. ARNOLD, President. JAMES E. TILLINGHAST, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

500 shares Old National Bank, Providence, . 850,000 00 $53,500 00 

340 " Nat'l Bank of Commerce, Prov., . 17,000 00 13,600 00 

200 " American National Bank, Prov., . 10,000 00 8,500 00 

100 " Fourth National Bank, Providence, 10,000 00 11,300 00 

100 " First National Bank, Warren, . 10,000 00 8,700 00 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



191 



18 shares Third National Bank, Providence, 

200 " N. Y. Central & Hud. River R.R., 

200 " Illinois Central R.R., 

100 " Chicago, Rock Island & Pacific R.R 

107 " Chicago, Burl. & Quincy R.R., 

100 " Michigan Central R.R., . 
50 " Rhode Island & Massachusetts R.R, 
50 " Wells, Fargo & Co. Express, . 

500 " Providence Gas Co., 

United States bonds, . . . 

Boston city bonds, ..... 

Union Pacific R.R. bonds, 

Pawtuxet Valley R.R. bonds, . 

Central Park, North & East River R.R. bonds 

Lehigh Valley R.R. bonds, 

New York, Providence & Boston R.R. bonds, 

Bridgeport Traction Co. bonds, 

Milwaukee City R.R. bonds, . 

National Water Works bonds, . 

Chicago, Burlington & Quincy R.R. bonds, 



Par Value. 

$1,800 00 

20,000 00 

20,000 00 

10,000 00 

10,700 00 

10,000 00 

5,000 00 

5,000 00 

25,000 00 

50,000 00 

25,000 00 

18,000 00 

22,000 00 

15,000 00 

10,000 00 

2,000 00 

5,000 00 

5,000 00 

6,010 00 

3,000 00 



Market Value. 

f 900 00 

21,450 00 

20,800 00 

9,075 00 

10,646 50 

10,000 00 

5,000 00 

5,750 00 

43,500 00 

56,500 00 

27,500 00 

18,540 00 

23,430 00 

16,950 00 

11,050 00 

2,060 00 

5,150 00 

5,200 00 

4,000 00 

3,400 00 



$365,510 00 $396,501 50 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $124,000 00 

Loans on mortgage of real estate (first liens*), 143,950 00 

Stocks and bonds, as per schedule, . . . 396,501 50 

Cash in the office of the company, . . . 91 99 

Cash deposited in bank, 21,559 02 

Premiums in course of collection (gross), . 49,296 71 

Rents due and accrued, 1,485 00 

Prem's more than three mos. due, . $181 53 

Gross assets,f 



$736,884 22 



Liabilities. 

Losses adjusted, unpaid, $7,211 00 

claimed and reported, .... 10,959 00 

disputed or resisted, .... 1,828 00 

Unearned premiums on outstanding risks, . 215,098 77 

Due and accrued for rent, salaries, etc., . . 1,500 00 

State and local taxes, 1,500 00 

Commissions and brokerage, .... 5,000 00 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$173,800 00 
242,600 00 
186,850 00 



t Including $60,000 special reserve fund held under Rhode Island laws. 



192 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



^1,437 08 
1,453 52 



$245,987 37 



. $490,896 85 
300,000 00 



Surplus over capital, . 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1896, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Gross cash income, .... 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for betterment and repairs, 
for all other expenditures, 

Gross cash expenditures, . 



$190,896 85 



$38,829 11 
348,341 52 



$387,170 63 
49,163 10 


$338,007 53 
61,859 08 


$131 78 
1,751 64 


$1,883 42 
133 61 


$1,749 
50 


81 

70 



$276,148 45 





1,699 11 


. 


8,199 04 


sources, . 


17,245 15 


. 


7,054 00 


. 


$310,345 75 


$136,548 66 




3,084 66 






$133,464 00 




$311 60 




9 37 






309 9% 




18,000 00 




56,249 09 


}S, . 


26,692 84 




9,495 66 




5,349 95 




21,443 46 




$270,997 2a 



THE ERIE FIRE INSURANCE CO. 



193 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year; . 
Deduct amount reinsured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



$36,260,966 00 

30,014,757 00 

166,275,723 00 

28,155,110 00 



$38,120,613 00 
1,821,250 00 



Premiums. 

$421,345 25 
348,341 52 

$769,686 77 
334,893 41 

$434,793 36 
20,718 61 



$36,299,363 00 $414,074 75 



$23,061 00 
249,485 00 

$272,546 00 
237,110 00 

$35,436 00 



$733 19 
1,751 64 

>2,484 83 
1,652 58 

$832 25 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$5,862,958 00 

3,679,286 00 

133,577 00 

302 00 

596,000 00 

18,000 00 

78,850 00 



" THE ERIE FIRE INSURANCE COMPANY," BUFFALO, N. Y. 

[Incorporated March 14, 1874. Commenced business March 18, 1874.] 

Paid-up Capital, $200,000. 

MATHIA8 ROHR, President. JOSEPH M. KERTZ, Secretary. 



Summary of Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens*), $571,129 00 

Interest due or accrued thereon, . . . 9,854 63 

Cash in the office of the company, . . . 888 29 

Cash deposited in bank, ..... 80,568 34 

Premiums in course of collection (gross), . 40,215 82 

Due for reinsurance, 163 12 

Prem's more than three mos. due, . $1,757 85 

Gross assets, $702,819 20 



* Value of lands mortgaged 

Value of buildings thereon, .• 

Amount of insurance held as collateral, 



$915,460 00 
724,750 00 
623,975 00 



194 



THE ERIE FIRE INSURANCE CO. 



Liabilities. 



Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding 
Eeturn premiums and reinsurance, 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, , 
Paid-up capital, 



risks, 



$5,167 73 
15,779 59 



947 32 
1,849 00 



$19,098 32 

133,146 89 

1,270 75 

5,772 89 



Surplus over capital, . 



$ 159,288 85 

$543,530 35 
200,000 00 

$343,530 35 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, . . .' . 

Net collected, .... 
Premiums on risks written or renewed, 

Total, . . . 
Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents and incidentals, . 

Gross cash income, . 



1,619 58 
62 00 



$3,557 58 
243,296 54 

$246,854 12 
40,215 82 

$206,638 30 
50,934 15 



sources, 



$155,704 15 

28,134 82 

2,396 03 

356 00 

$186,591 00 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents and incidentals, 



$22,960 60 
1,531 47 



$21,429 13 

43,917 54 

13,491 89 

2,241 88 

15,298 20 



Gross cash expenditures, 



,378 64 



THE FARMERS FIRE INSURANCE CO. 



195 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.$11,109,710 00 
. 18,478,275 00 



. $29,587,985 00 
. 4,343,890 00 



. $25,244,095 00 
. 1,052,963 00 



Premiums. 

$44,490 84 
243,296 54 

$287,787 38 
48,598 80 

$239,188 58 
11,425 17 



.$24,191,132 00 $227,763 41 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$798,913 00 

230,601 00 

40,087 00 

49,800 00 



"THE FARMERS 1 FIRE INSURANCE COMPANY," YORK, PA., 

[Incorporated April 6, 1853. Commenced business May 16, 1853.] 
WM. H. MILLER, President. D. STRICKLER, Secretary 

Detailed Statement of Stocks and Bonds. 

Par Value 

N. C. R. W. R.R. bonds, .... 
Pennsylvania R.R. bonds, 
Philadelphia & Erie R.R. bonds, 
Shamokin, Sunbury & Lewisburg R.R, bonds 

United States bonds, 

Lehigh Valley R.R. bonds, 
Potomac Valley R.R. bonds, 
Lehigh Valley Coal Co. bonds, 
Spring Garden school bonds, . 
Central Market House Co. bonds, . 
12 shares Farmers' National Bank, 



50 " York Co. National Bank, 

90 " First National Bank, . 

615 " York National Bank, . 

200 " Pennsylvania R.R. Co., 

1,461 " York Water Co., . 



Securities held as collateral for cash loans : — 

Mortgage bond on land (York, Pa.), 
131 shares First National Bank, York, Pa., 
8 " Wrightsville National Bank, . 
10 " Pennsylvania R.R. Co., ... 



$26,000 00 

20,000 00 

15,000 00 

10,000 00 

75,000 00 

25,000 00 

10,000 00 

10,000 00 

5,500 00 

10,000 00 

1,200 00 

1,000 00 

9,000 00 

15,375 00 

10,000 00 

36,525 00 



Market Value. 

$27,880 00 
25,400 00 
18,000 00 
10,500 00 
84,187 50 
25,000 00 
9,350 00 
9,850 00 
5,500 00 
10,000 00 
1,680 00 
1,675 00 
15,030 00 
19,987 50 
11,450 00 
73,050 00 



$279,600 00 $348,540 00 



Market Value. 

$2,000 00 

21,877 00 

1,064 00 

572 50 



Loaned Thereon. 

$1,000 00 
18,000 00 

1,300 00 



$25,513 50 $20,300 00 



196 



THE FARMERS' FIRE INSURANCE CO. 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prem's more than three mos. due, . $3,569 45 
Gross assets, 



31, 1897. 

$46,300 00 

207,310 00 

5,034 28 

348,540 00 

20,300 00 

1,588 44 

52,750 02 

329 40 

52,829 78 

27 50 



$735,009 42 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
State and local taxes, 
Commissions and brokerage, 
Bills payable, . 
Reinsurance disallowed, . 
Gross liabilities, . 

Surplus as regards policy holders, 



$7,965 87 

27,530 00 

3,850 00 

340,992 68 

4,077 92 

3,500 00 

10,565 95 

686 66 

5Q 98 



399,226 06 



. $335,783 36 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, . ... 
Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents and incidentals, . 

Gross cash income, .... 



$41,526 68 
438,950 11 

$480,476 79 
52,829 78 

$427,647 01 
54,370 12 



sources, 



$373,276 89 

11,239 22 

15,799 59 

2,694 99 

$403,010 69 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$277,190 00 

292,035 00 

91,977 00 



FARRAGUT FIRE INSURANCE CO. 



197 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . . ' 
for incidentals, 

Deposits returned on perpetual fire risks, 

Gross cash expenditures, .... 



:19,800 55 
5,382 93 



$42 75 



|214,417 62 

80,381 80 

28,685 48 

9,307 07 

29,089 10 



. $361,881 07 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$49,841,005 00 $614,575 86 
. 37,292,534 00 438,950 11 



Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, .... 

Perpetual risks in force (not incl'd above), 



$87,133,539 00 $1,053,525 97 
31,199,850 00 390,107 46 



$55,933,689 00 $663,418 51 
374,589 00 4,188 18 



$55,559,100 00 $659,230 33 
. $145,025 00 $4,292 54 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 



58,465,594 00 

5,678,692 00 

228,766 00 



"FARRAGUT FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated Jan. 29, 1872. Commenced business Jan. 30, 1872.] 

Paid-up Capital, $200,000. 

JOHN E. LEFFING-WELL, President. SAMUEL DARBEE, Secretary. 



Detailed Statement of Stocks and Bonds. 



New York city bonds, .... 
United States bonds, .... 

New York, Ontario & Western R,R. bonds, 
Brooklyn Union Gas Co. bonds, 



Par Value. 

115,000 00 

5,000 00 

11,000 00 

6,000 00 



Market Value. 

$125,350 00 

6,400 00 

11,880 00 

6,720 00 



198 



FARRAGUT FIRE INSURANCE CO. 



100 shares Fourth National Bank, . 

97 " New York Produce Exchange B'k, 

60 " Clinton Bank, . . 
250 " Long Island Loan & Trust Co., 
100 " Rome, Watert'n & Ogdensb'g R.R., 
150 " Chic, Milwaukee & St. Paul R.R., . 



Par Value, 

$10,000 00 

9,700 00 

6,000 00 

25,000 00 

10,000 00 

15,000 00 



Market Value. 

$19,500 00 
11,640 00 
5,400 00 
57,500 00 
12,175 00 
21,375 00 



|212,700 00 $277,940 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $5,000 00 

Loans on mortgage of real estate (first liens*), 15,150 00 

Interest due or accrued thereon, . . . 229 18 

Stocks and bonds, as per schedule, . . . 277,940 00 

Cash in the office of the company, . . . 1,271 19 

Cash deposited in bank, 13,047 40 

Premiums in course of collection (gross), . 23,569 17 

Rents due and accrued, 297 42 

Prem's more than three mos. due, . $590 49 

Gross assets, 



$336,504 36 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, . 
Less reinsurance, ■ . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Reinsurance, ...... 

Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 



$473 75 
13,190 14 



$13,663 89 
662 09 

$13,001 80 

60,602 39 

250 00 

600 00 

2,953 35 

239 40 

.9,645 12 



87,292 06 

$249,212 30 
200,000 00 



,212 30 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$18,000 00 
12,000 00 
12,000 00 



FARRAGUT FIRE INSURANCE CO. 



199 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, . 

Gross cash income, . 



,393 53 
620 60 



1,772 93 
170,954 23 

$190,727 16 
24,159 66 

$166,567 50 
49,374 84 



other sources, . 



$117,192 66 

806 45 

9,146 73 

230 52 

$127,376 36 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, . 



$71,617 64 
16,469 90 



$55,147 74 
12,000 00 
20,330 43 
17,482 00 
2,864 58 
11,470 69 



$119,295 44 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

.$15,215,707 00 $153,784 52 
. 15,676,331 00 170,954 23 



Total,. . . . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . . . 



. $30,892,038 00 $324,738 75 
. 14,666,583 00 158,260 45 



,225,455 00 $166,478 30 
6,036,577 00 46,340 38 



,188,878 00 $120,137 92 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of companj', 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . . . • . 



$3,813,609 00 

1,886,966 00 

62,188 00 

540,000 00 

12,000 00 

72,450 00 



200 



FIRE ASSOCIATION OF PHILADELPHIA. 



"FIRE ASSOCIATION OF PHILADELPHIA," PHILADELPHIA, PA. 

[Incorporated March 27, 1820. Commenced business Sept. 1, 1817.] 

Paid-up Capital, $500,000. 

E. C. IRVIN, President. BENJAMIN T. HERKNESS, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

City of Camden bonds, . , . . $1,500 00 $1,770 00 

City of Richmond certificates, .... 25,000 00 29,125 00 

City of Cincinnati bonds, .... 125,000 00 145,312 50 

City of Tacoma water and light bonds, . . 40,000 00 42,000 00 

City of Portland, Or., new city hall gold bonds, 15,000 00 17,625 00 

City of Richmond certificates, .... 65,600 00 67,240 00 

City of Petersburg, Va., bonds, . . . 50,000 00 58,250 00 

Atlantic City, N. J., city water works bonds, . 25,000 00 29,125 00 

State of Georgia bonds, 25,000 00 26,500 00 

Northern Central R.R. Co. bonds, . . . 168,000 00 188,160 00 

Catawissa R.R. Co. bonds, ...... 10,000 00 10,850 00 

Lehigh Valley R.R. bonds, .... 132,000 00 158,720 00 

Shamokin Valley & Pottsville R.R. bonds, . 20,000 00 22,000 00 

Philadelphia & Erie R.R. bonds, . . . 100,000 00 118,500 00 

Belt R.R. and Stock Yards bonds, . . . 50,000 00 58,500 00 

City of Duluth water and light bonds, . . 50,000 00 55,500 00 

Louisville & Nashville R.R. bonds, . . . 78,000 00 91,260 00 

Texas & Pacific R.R. bonds, .... 13,000 00 14,105 00 

Camden & Atlantic R.R. bonds, . . . 30,000 00 32,100 00 

Pennsylvania R.R. bonds, . . . . 108,000 00 135,480 00 

Cincinnati, Hamilton & Dayton R.R. bonds, % . 20,000 00 22,220 00 

Cincinnati, Dayton & Ironton R.R. bonds, \ 25,000 00 27,750 00 

Chicago, Rock Island & Pacific R.R. bonds, . 25,000 00 26,875 00 

Northern Pacific R.R. bonds, .... 34,000 00 32,300 00 

Reading Co. bonds, . . . . . 20,000 00 17,200 00 

Central Car Trust Company bonds, . . 10,000 00 10,000 00 

Ohio River R.R. Co. bonds, .... 25,000 00 25,750 00 

Centralia & Chester R.R. bonds, . . . 50,000 00 37,500 00 

Chicago & Erie R.R. Co. bonds, . . . 35,000 00 39,200 00 

Lynn & Boston R.R. Co. bonds, . . . 50,000 00 52,500 00 

Lehigh Valley Coal Co. bonds, . . . 15,000 00 14,775 00 

Port of Portland, Oregon, bonds, ... 39,000 00 45,825 00 

Pennsylvania & New York Canal bonds, . 1,000 00 1,200 00 

Lehigh Coal & Navigation Co. bonds, . . 100,000 00 128,000 00 

Evansville & Terre Haute R.R. bonds, . . 50,000 00 37,500 00 

Newark Passenger Railway Co. bonds, . . 22,000 00 24,200 00 

Lehigh Valley R.R. bonds, ... . 75,000 00 76,500 00 

Terminal R.R, Association, St. Louis, bonds, . 75,000 00 81,375 00 

Philadelphia City Passenger Railway bonds, . 50,000 00 55,000 00 



FIKE ASSOCIATION OF PHILADELPHIA. 



201 



Allentown & Bethlehem Rap. Tran. Co. bonds, 
Cleveland Electric R.R. Co. bonds, . 
Lehigh Coal & Navigation Co. bonds, 
Seaboard Air Line equipment bonds, 
Toledo Electric Street Railway bonds, 
Central of Georgia Railway Co. bonds, 
United Traction Co. of Pittsburgh bonds 
Fairmount Park Trans. Co. bonds, . 
Edison Electric Light Co. certificates, 

675 shares Philadelphia Traction Co., 
1,230 " Pennsylvania R.R. Co. stock, 

331 " Phila., Germant'n & Norrist'n R.R 
70 " Chestnut Hill R.R. Co. stock, 
35 " Philadelphia Bourse, . 
5 " Underwriters 1 Salvage Co., . 

125 " Centralia & Chester R.R. Co., 

220 " company's own stock, $79,200 00 

Securities held as collateral for cash loans 

Portland University bonds, 

Equitable Life Insurance Society policies, 

Trust deed for property in Cook County, 111., 

Ohio River Railroad bonds, 

Fort Worth & Rio Grande bonds, 

100 shares Flat Top Coal & Land Association 

100 " Norfolk & Western R.R., 

Mortgages assigned, .... 

50 shares Catawissa Railroad Co., . 
333 " Merchants 1 National Bank, 
250 " Camden Iron Works, 

37 " United New Jersey Railroad, 
100 " Diamond State Iron Co., . 
176 " Pennsylvania Railroad Co., 
Pennsylvania Railroad bonds, . 
North Penn. Railroad bonds, . 

Ground rents, 

Norfolk & Western R.R. bonds, 

100 shares Western Gas Co , . 

Columbus Street Railway Co., bonds, 

100 shares Flat Top Coal & Land Association, 

Electric and People's Traction Co. certificates, 

449 shares Union Traction Co., 

Reading Traction Co bonds, . . 

Richmond Electric R R. bonds, 

Loaned on company's own stock, . $2,550 00 



Par Value. 

$56,000 00 
30,000 00 
50,000 00 
25,000 00 
30,000 00 
50,000 00 
25,000 00 
47,000 00 
13,000 00 
33,750 00 
61,500 00 
16,550 00 
3,500 00 
1,375 00 
500 00 
12,500 00 



Market Value. 

$61,600 00 

31,500 00 

52,500 00 

25,000 00 

31,500 00 

45,750 00 

25,000 00 

49,350 00 

13,780 00 

52,903 12 

70,417 50 

44,685 00 

4,200 00 

455 00 

500 00 



$2,307,775 00 $2,566,933 12 



Market Value. 

$14,560 00 
8,040 00 I 
25,000 00 \ 
850 00 ^ 
2,800 00 
5,700 00 
4,700 00 J 
3,000 00 
2,625 00 
31,635 00 ^ 
25,000 00 
9,250 00 
10,000 00 j> 
10,076 00 
2,600 00 
1,160 00 j 
33,000 00 
3,950 00 "1 
9,000 00 ( 
1,900 00 f 
5,700 00 J 
23,700 00-) 
5,500 00 < 
11,220 00 J 
15,000 00 



Loaned Thereon. 

$10,000 00 
10,000 00 



10,000 00 

3,000 00 
1,200 00 



75,000 00 

20,000 00 
15,000 00 

30,000 00 
12,000 00 

$265,966 00 $186,200 00 



202 



FIRE ASSOCIATION OF PHILADELPHIA. 



Summary op Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance and salvage, . 

Gross assets, ..... 
Deduct special deposits in other States, . 



$276,800 00 

2,108,135 51 

51,105 Q6 

2,566,933 12 

186,200 00 

60,713 57 

255,713 20 

23,316 68 

623,588 33 

1,801 50 

3,296 94 



1,157,604 51 
114,375 00 



Balance, $6,043,229 51 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Reinsurance, ..... 
Return premiums, . . , . 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, 

Surplus over capital, . 



$115,668 18 

122,425 94 

47,668 42 

$285,762 54 
38,188 27 

$247,574 27 

1,998,678 43 

1,950,807 57 

112,283 89 

56,492 87 

69,686 80 

3,997 14 



1,439,520 97 
55,399 26 



- 4,384,121 71 

. $1,659,107 80 
. 500,000 00 

. $ 1,159,107 80 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



. $2,333,588 00 
. 2,901,489 00 
. 1,932,695 00 



FIRE ASSOCIATION OF PHILADELPHIA. 



203 



$708,206 55 
3,317,857 37 



$4,026,063 92 
623,588 33 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . 

Interest received on mortgages, ...... 

Interest and dividends received from all other sources, . 
Income from all other sources, ...... 

Deposits received for perpetual fire risks, . $69,128 60 

Gross cash income, 



. 43,402,475 59 
826,805 49 



>,575,670 10 

125,074 82 

134,903 96 

11,169 00 



5,846,817 88 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Deposits returned on perpetual fire risks, 

Gross cash expenditures, .... 

Risks and Premiums. 



,470,599 19 
119,541 78 



$46,933 19 



$371,903,732 
297,205,435 



$669,109,167 
266,134,135 



$402,975,032 
18,107,974 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Perpetual risks in force (not incl'd above) 

Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (40 per cent.), 
Company's stock owned by directors, .... 



,351,057 41 
200,000 00 
580,931 73 
159,739 93 
75,532 58 
176,921 37 



!,544,183 02 



Premiums. 

00 $4,014,684 61 
00 3,317,857 37 



00 $7,332,541 98 
00 3,228,073 38 



00 $4,104,468 60 
00 214,883 61 



$384,867,058 
5,592,244 



00 $3,889,584 99 
00 $2,117,576 55 



$44,742,884 00 

24,871,163 00 

1,386,956 00 

5,379,762 00 

200,000 00 

36,250 00 



204 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 



"THE FIRE INSURANCE COMPANY OF THE COUNTY OF 
PHILADELPHIA," PHILADELPHIA, PA. 

[Incorporated May 31, 1832. Commenced business April 19, 1833.] 

Paid-up Capital, $400,000. 

CHARLES R. PECK, President. E. A. LAW, Secretary. 



Detailed Statement of Stocks and Bonds. 



Lehigh Valley R.R. bonds, 
Delaware & Bound Brook R.R. bonds, . 
Cattawissa R.R. Co. bonds, 
Pennsylvania & N. Y. Canal & R.R. bonds, 
11 shares Elmira & Williamsport R.R., . 
Pittsburgh, Cincinnati & St. Louis R'y bonds, 
United New Jersey R.R. & Canal Co. bonds, 
Philadelphia & Erie R.R. bonds, 
Pennsylvania R R. bonds, . 
Junction RR. Co. bonds, . 
Camden & Atlantic R.R. bonds, 
Belvidere Delaware R.R. bonds, 
Connecting Railway bonds, 
264 shares Phila., Germant'n & Norrist'n R.R 
City of Camden bonds, 
Pennsylvania R.R. bonds, . 
150 shares United Companies of New Jersey 
205 " Germantown Passenger R'y Co., 
Schuylkill River East Side R.R. bonds, . 
Pennsylvania Steel Co. bonds, . 
100 shares Second & Third St. Pass. R'y Co., 
Pennsylvania & Northwestern R.R. bonds, 
220 shares Pennsylvania R.R. Co., . 
Lehigh Valley Railway bonds, 
69 shares N'l B'k of the No'n Liberties, Phila 
Lehigh Valley R.R. bonds, 
104 shares North Pennsylvania R.R. Co., 
Philadelphia City Passenger R'y Co. bonds, 
Lombard & South St. Pass. R'y Co. bonds, 
20 shares 13th and 15th Sts. Pass. R'y Co., 
Newark Passenger Railway Co. bonds, . 
28 shares Bank of North America, Phila,, 
10 " First National Bank of Phila., . 
Northern Central Railway Co. bonds, 
50 shares Frankf d & Southw'k P.C.P.R.R. Co., 
164 " Union Traction Co. of Phila., . 



Par Value. 

$13,000 00 

24,000 00 

4,000 00 

6,000 00 

550 00 

20,000 00 

20,000 00 

10,000 00 

11,000 00 

7,000 00 

4,000 00 

1,000 00 

3,000 00 

13,200 00 

1,000 00 

6,000 00 

15,000 00 

10,250 00 

15,000 00 

15,000 00 

5,000 00 

10,000 00 

11,000 00 

25,000 00 

3,450 00 

15,000 00 

5,200 00 

3,000 00 

3,000 00 

1,000 00 

5,000 00 

2,800 00 

1,000 00 

10,000 00 

2,500 00 

2,050 00 



Market Value. 
$15,780 00 

29,760 00 

4,340 00 

7,200 00 

550 00 

22,000 00 

21,700 00 

11,850 00 

14,350 00 

7,350 00 

4,160 00 

1,090 00 

3,320 00 

35,640 00 

1,120 00 

7,140 00 

37,500 00 

27,521 25 

15,750 00 

13,500 00 

25,400 00 

9,500 00 

12,595 00 

25,000 00 

9,177 00 

18,525 00 

9,360 00 

3,210 00 

3,000 00 

5,240 00 

5,550 00 

7,035 00 

2,050 00 

11,775 00 

18,750 00 

1,947 50 



THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 205 



Electric & People's Traction Stock Trust ctfs., 
Girard Life Ins. Annuity & Trust Co. of Phila., 

Securities held as collateral for cash loans : - 

100 shares Union Passenger R'y Co., Phila., . 
1,000 " Union Traction Co., Phila., . 
21 " Union Passenger R'y Co., Phila., . 
7 " Girard F. & M. Insur. Co., Phila., 



Par Value. 

125,000 00 
250 00 



Market Value. 

$19,562 50 
250 00 



$329,250 00 $469,548 25 



Market Value. Loaned Thereon. 



$22,525 00 

11,875 00 

4,730 14 

2,485 00 



$15,000 00 
7,000 00 
2,200 00 
1,800 00 



$41,615 14 $26,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Rents, 

Perpetual deposits in other companies, . 
Gross assets, 



31, 1897. 

$75,000 00 

267,150 00 

3,904 44 

469,548 25 

26,000 00 

109 28 

43,547 19 

.54 53 

19,094 08 

205 00 

5,349 51 



$909,962 28 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 



$712 00 

22,070 75 

583 00 

$23,365 75 
8,642 01 



L,723 74 

72,473 62 

232,547 68 

5,741 66 

5,616 99 

507 12 



331,610 81 

$578,351 47 
400,000 00 

$178,351 47 



* Value of mortgaged premises, $513,250 00 



206 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 



Income. 
Fire premiums outstanding Dec. 31, 1896, . $15,256 16 
Premiums on risks written or renewed, . . 200,695 05 

Total, ........ $215,951 21 

Premiums now in course of collection, . . 19,094 08 

Entire premiums collected, .... $196,857 13 

Less reinsurance and return premiums, . . 89,309 56 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Income from rents, .... 

Income from all other sources, 

Deposits received for perpetual fire risks, 

Gross cash income, .... 



Expenditures. 
Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 
Deposits returned on perpetual fire risks, 

Gross cash expenditures, . i 

Risks and Premiums. 



$7,627 98 



$82,240 31 
20,741 78 



c ,552 70 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total,. . . . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Perpetual risks in force (not incl'd above), 



. $15,088,505 00 
. 19,574,985 00 



. $34,663,490 00 
. 15,866,565 00 



.$18,796,925 00 
. 5,777,168 00 



$13,019,757 00 
$10,633,856 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, . . . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



,517 57 

11,070 69 

26,259 89 

1,945 92 

259 66 



$147,083 73 



$61,498 53 

24,000 00 

22,337 68 

9,761 19 

5,492 81 

8,328 19 

$131,418 40 

Premiums. 

$170,933 72 
200,695 05 

$371,628 77 
171,837 43 

$199,791 34 
55,481 05 

$144,310 29 

$256,811 10 



52,784,112 00 

1,789,198 00 

66,608 00 

684,408 00 

24,000 00 

140,400 00 



fireman's FUND INSURANCE CO. 



207 



"FIREMAN'S FUND INSURANCE COMPANY," SAN FRANCISCO, 

CAL. 

[Incorporated May 3, 1863. Commenced business June 18, 1863.] 

Paid-up Capital, $1,000,000. 

D. J. STAPLES, President. BERNARD FAYMONVILLE, Secretary. 



Detailed Statement of Stocks and Bonds. 



Omnibus Cable Railway Co. bonds, 

Market Street Railway Co. bonds, . 

Powell Street Railway Co. bonds, . 

Sutter Street Railway Co. bonds, 

Presidio and Ferries R.R. Co. bonds, 

United States bonds, .... 

Oakland Gas Light and Heat Co. bonds, . 

Stockton Gas and Electric Co. bonds, 

San Diego Gas and Electric Light Co. bonds, 

Riverside Water Co. bonds, 

Baker City, Ore., water bonds, 

Marin Co., Cal., water bonds, . 

Pacific Rolling; Mills bonds. 

Baker City, Ore., school bonds, 

Palo Alto, Cal., school bonds, . 

Olympic Club, San Francisco, bonds, 

Independence City, Ore , bonds, 

Blaine County, Idaho, bonds, . 

Territory of Arizona funding bonds, 

2,986 shares Home Mutual Insurance Co., 
210 " Bank of California, 
230 " First Nat'l Bank, San Francisco, 
100 " Anglo-California Bank, 
340 " Sather Banking Co., . 
250 " California Safe Dep. and Tr. Co 
450 " Oakland Bank of Savings, . 
22 " San Francisco National Bank, 

1,000 " California Street Cable R.R. Co 
480 " Sutter Street R.R. Co., . 
200 " Market Street Railway Co., . 
100 " San Fran. & San Joaquin Val. R.R 
650 " Oakland Gas Light and Heat Co 
500 " San Francisco Gas and Elec. Co 
250 " San Francisco Gaslight Co., 
200 " Pacific Gas Improvement Co., 
786 " Stockton Gas and Electric Co., 



Par Value. 

$105,000 00 

100,000 00 

20,000 00 

50,000 00 

37,000 00 

125,000 00 

60,000 00 

32,000 00 

20,000 00 

20,000 00 

17,000 00 

5,000 00 

12,000 00 

20,000 00 

15,000 00 

5,000 00 

3,000 00 

200 00 

22,000 00 

298,600 00 

21,000 00 

23,000 00 

5,000 00 

34,000 00 

25,000 00 

22,500 00 

2,200 00 

100,000 00 

48,000 00 

20,000 00 

10,000 00 

42,900 00 

50,000 00 

750 00 

20,000 00 

23,580 00 



Market Value. 

$131,250 00 
113,000 00 
24,000 00 
56,500 00 
37,000 00 
160,000 00 
66,600 00 
32,640 00 
20,000 00 
20,000 00 
17,850 00 

5,100 00 
12,300 00 
21,000 00 
15,600 00 

5,000 00 

3,000 00 

200 00 

22,000 00 

600,000 00 

51,450 00 

43,700 00 

5,500 00 
25,500 00 
24,750 00 
31,500 00 

2,200 00 
109,000 00 
48,000 00 
10,500 00 
10,000 00 
35,750 00 
47,500 00 
750 00 

18,600 00 

11,790 00 



208 



FIREMAN S FUND INSURANCE CO. 



450 shares Spring Valley Water Co , . 

656 " California Dry Dock Co., 

100 " Oakland Building and Loan Asso., 



Par Value. 

$45,000 00 

65,600 00 

4,800 00 



Market Value. 

$44,550 00 

24,600 00 

4,800 00 



$1,530,130 00 $1,913,480 00 



Securities held as collateral for cash loans : — 



50 shares Eagle Canning Co., 
200 " Bank of Sonoma County, 
18 " California Street Cable R.R. Co. 
68 " Pacific Gas Improvement Co., 
100 " Pacific Telegraph and Tel. Co., 
390 " Bank of Sonoma County, 
333 " Palace Hardware Co., . 

7 " Spring Valley Water Co., . 
400 " Sutter Street Railway Co., . 
350 " Southern Pacific Milling Co., 
125 " Spring Valley Water Co., . 
250 " Southern Pacific Milling Co., 
1,500 " S. F. and San Joaquin Coal Co., 
465 " California Dry Dock Co., . 
50 " Shipowners' & Merchants' Tug Co 
North Pacific Coast Railway bonds, 
Northern Railway of California bonds, . 
North Pacific Coast Railway bonds, 



Market Value. 

11,500 00 

22,000 00 

1,962 00 

6,324 00 

4,800 00 

42,900 00 

10,000 00 

693 00 

40,000 00 

24,500 00 

12,375 00 

17,500 00 

15,000 00 

17,437 50 

5,000 00 

25,375 00 

5,075 00 

2,020 50 



Loaned Thereon. 

$801 65 
15,000 00 

5,000 00 

34,000 00 

5,000 00 

500 00 

24,500 00 

10,000 00 

11,000 00 

7,500 00 

7,387 69 

15,000 00 

20,000 00 
5,000 00 



$254,462 00 $160,689 34 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Due for reinsurance on losses, . 

Gross assets, 

Deduct special deposits in other States, . 



31, 1897. 

$379,200 00 

463,484 85 

9,322 69 

1,913,480 00 

160,689 34 

5,929 40 

353,906 61 

540 51 

396,538 27 

. 33,689 45 

21,519 76 



$,738,300 88 
133,200 00 



Balance, $3,605,100 

* Value of lands mortgaged, . $963,500 00 

Value of buildings thereon 259,000 00 

Amount of insurance held as collateral 175,000 00 



fireman's FUND INSURANCE CO. 



209 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 

Unearned premiums on outstanding 

Commissions and brokerage, . 

Marine bills payable, 

Agents' credit balances and deposits, 

Voluntary reserve to offset cut rates in California, 

Reinsurance disallowed, ..... 



risks, 



Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, . 



$34,569 70 

131,551 30 

7,000 00 

$173,121 00 
• 37,776 29 

$135,344 71 
1,232,756 51 
54,903 04 
3,160 73 
30,086 16 
25,000 00 
78,863 58 



.,560,114 73 
57,484 40 



$1,502,630 33 



. $2,102,470 55 
. 1,000,000 00 



Surplus over capital, . 



.,102,470 55 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1896, 

Premiums on risks written or renewed, . 

Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



$323,234 43 
2,050,058 39 

52,373,292 82 
345,027 87 

52,028,264 95 
589,959 16 

$78,606 55 
514,678 62 

$593,285 17 
85,199 85 

$508,085 32 
199,636 70 



$1,438,305 79 



sources, 



308,448 62 

29,168 34 

111,099 41 

25,107 50 



. $1,912,129 66 



210 



fireman's FUND INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for incidentals, . 

Gross cash expenditures, . 



$802,093 79 
108,562 06 



$376,490 92 
146,748 34 



$693,531 73 



229,742 58 
120,000 00 
232,150 53 
209,712 05 
41,294 48 
174,121 19 

. $1,700,552 56 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$211,065,199 00 $2,508,860 10 
167,331,860 00 2,050,058 39 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, . 

Total,. . . . . . 

Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount reinsured, 

Net amount in force, . 



$378,397,059 00 $4,558,918 49 
159,219,278 00 1,943,093 76 



$219,177,781 00 $2,615,824 73 
23,621,141 00 303,652 18 



$195,556,640 00 $2,312,172 55 

$5,969,185 00 $174,002 77 
65,031,020 00 514,678 62 



$71,000,205 00 $688,681 39 
62,538,102 00 483,146 06 



^8,462,103 00 $205,535 33 
2,234,329 00 68,864 74 



1,227,774 00 $136,670 59 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), . 

Company's stock owned by directors, . 



131,855,625 00 
16,223,701 00 
713,596 00 
248,874 00 
2,776,060 00 
120,000 00 
118,100 00 



THE FIREMEN'S INSURANCE CO. 



211 



"THE FIREMEN'S INSURANCE COMPANY OF BALTIMORE," 

BALTIMORE, MD. 

[Incorporated December, 1825. Commenced business Aug. 2, 1826.] 

Paid-up Capital, $378,000. 

F. E. S. WOLFE, President. -HARRY L. RIALL, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, . 

Maryland State bonds, .... 

Virginia State bonds, •'..'•*. 

Baltimore city bonds, .... 

400 shares Nat'l Farmers 1 & Planters' Bank, 

100 " Merchants' National Bank, 

160 " National Bank of Baltimore, . 

810 " National Mechanics' Bank, 

200 " Farmers' & Merchants' Nat'l Bank 

100 " People's Bank, 

4 " Equitable National Bank, 
400 " National Marine Bank, . 
300 " Western National Bank, . 
100 " First National Bank, 
150 " Second National Bank, . 
900 " Citizens' National Bank, 
Columbus & Cincinnati R R. bonds, 
Sioux City Term. R.R. & Whse. Co., 
500 shares Baltimore City Pass. Railway, 
200 " Central Railway Co., 
100 " Mercantile Trust & Deposit Co., 
Baltimore City Pass. Railway certificates, 



Par Value. 

$50,000 00 

30,000 00 

21,500 00 

160,000 00 

10,000 00 

10,000 00 

16,000 00 

8,100 00 

8,000 00 

2,000 00 

400 00 

12,000 00 

6,000 00 

10,000 00 

15,000 00 

9,000 00 

5,000 00 

10,000 00 

12,500 00 

10,000 00 

5,000 00 

2,500 00 



Market Value. 

$64,250 00 
31,800 00 

2,150 00 
169,510 00 
18,400 00 
14,400 00 
22,240 00 
14,985 00 
12,400 00 

1,800 00 
400 00 
15,600 00 
12,000 00 
12,500 00 
28,950 00 
19,800 00 

3,250 00 

8,000 00 
33,250 00 
15,600 00 
17,000 00 

2,650 00 



$413,000 00 $520,935 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $140,000 00 

Stocks and bonds, as per schedule, . . . 520,935 00 

Cash in the office of the company, . . . 4,172 62 

Cash deposited in bank, . . . . 31,689 21 

Interest due and accrued, 6,397 08 

Premiums in course of collection (gross), . 34,164 30 

Rents due and accrued, 786 81 

Commissions due on reinsurance and return 

premiums, 3,063 94 

Ofiice furniture, etc., . . . $5,198 36 

Gross assets, . . . . . . . f 741, 208 96 



212 



THE FIREMEN S INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, . . 

Losses claimed and reported, . 

Unearned premiums on outstanding risks, 

Dividends to stockholders unpaid, . 

Commissions and brokerage, . 

Return premiums and reinsurance, . 

Reinsurance disallowed, .... 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



L,744 17 

12,635 00 

195,429 30 

676 80 

8,690 08 

9,191 23 

13,785 31 



252,151 89 

$489,057 07 
378,000 00 



Surplus over capital, $111,057 07 

Income. 

Fire premiums outstanding Dec. 31, 1896, . $23,578 32 
Premiums on risks written or renewed, . . 388,028 06 

Total, $411,606 38 

Premiums now in course of collection, . . 34,164 30 

Entire premiums collected, . $377,442 08 

Less reinsurance and return premiums, . . 110,130 37 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 
Income from rents, etc., 



$267,311 71 

19,026 18 

7,109 26 



Gross cash income, ........ $293,447 15 



Expenditures. 
Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, ..... 

Gross cash expenditures, . 

Risks and Premiums. 



$143,033 42 
18,071 58 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$39,981,481 00 
43,192,901 00 



$83,174,382 00 
35,100,557 00 

$48,073,825 00 
6,339,243 00 



$124,961 84 
30,929 94 
63,856 09 
16,229 00 
16,796 80 
14,428 39 

$267,202 06 

Premiums. 

$392,919 61 
388,028 06 

$780,947 67 
353,946 05 

$427,001 62 
54,638 23 



$41,734,582 00 $372,363 39 



FIREMEN S INSURANCE CO. 



213 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), 
Company's stock owned by directors, .... 



$7,837,462 00 

4,014,964 00 

130,707 00 

3,400,369 00 

30,240 00 

47,628 00 



"FIREMEN'S INSURANCE COMPANY OF NEWARK, N. J.," 

NEWARK, N. J. 

[Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855.] 

Paid-up Capital, $600,000. 

DANIEL H. DUNHAM, President. A. H. HA8SINGER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $5,000 00 $5,100 00 

Morris & Essex Railroad bonds, . . . 50,000 00 70,500 00 

Orange & Newark Railroad bonds, . . . 40,000 00 44,400 00 

Essex Pass. Railway bonds, . . . . 24,000 00 26,640 00 

Montclair Gas and Water Company bonds, . 5,000 00 5,000 00 

North Hudson County R'y Co. bonds, . . 45,000 00 49,750 00 

Underwriters' Prot. Asso. bonds, . . . 1,000 00 1,000 00 

Suburban Electric Co., Elizabeth, N. J., bonds, 10,000 00 10,000 00 

Newark Gas Company bonds, .... 50,000 00 64,000 00 

Lehigh Valley Terminal Railway bonds, . 4,000 00 4,400 00 

Newark Pass. Railway Co. bonds, . . . 20,000 00 22,000 00 

Atlantic City, N. J., water bonds, . . . 22,000 00 24,200 00 

United N. J. Railroad & Canal Co. stock, . 13,900 00 34,750 00 

Delaware, Lack. & Western Railroad stock, . 60,000 00 93,000 00 

Morris & Essex Railroad stock, . . . 70,000 00 117,600 00 

Newark City National Bank stock, . . . 20,000 00 32,000 00 

Second National Bank stock, .... 20,000 00 28,000 00 

National Newark Banking Company stock, . 20,000 00 34,000 00 

National State Bank stock, . . . . 32,500 00 52,000 00 

Essex County National Bank stock, . . 20,000 00 60,000 00 

German National Bank stock, . . . . 10,000 00 21,000 00 

Manufacturers' National Bank stock, . . 10,000 00 14,500 00 

Newark Fire Insurance Company stock, . . 5,000 00 8,250 00 

Paterson Gas Company stock 10,000 00 13,000 00 

Newark Gas Company stock, .... 12,000 00 24,000 00 

People's Light and Power Co. stock, . . 40,000 00 40,000 00 

Newark & Rosendale Lime and Cement Co., . 4,000 00 2,400 00 

Merchants National Bank stock, . . . 8,000 00 16,800 00 

New York & New Jersey Telephone stock, . 5,650 00 8,475 00 



$637,050 00 $926,765 00 



214 



FIREMEN S INSURANCE CO. 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents, etc., . . . . 
Prem's more than three mos. due, . $733 44 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, .... 

Income. 
Fire premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, . > . 
Less reinsurance and return premiums, 
Net cash fire premiums received, 



31, 1897. 

$130,203 62 

1,127,700 00 

16,850 59 

926,765 00 

1,393 78 

32,174 41 

7,625 00 

48,985 18 

195 21 



$4,278 31 

22,461 87 

5,739 32 

$32,479 50 

198 34 

$32,281 16 

296,958 43 

1,902 00 

499 71 

9,767 85 

6,969 40 

32 85 



,672 16 
301 74 



$42,370 42 
409,118 62 

$451,489 04 
49,718 62 

$401,770 42 
52,699 94 



1,291,892 79 



348,411 40 

,943,481 39 
600,000 00 

.,343,481 39 



$349,070 48 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$1,102,475 00 
1,797,200 00 
1,498,475 00 



FRANKLIN FIRE INSURANCE CO. 



215 



Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, . 

Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for redemption of scrip, . 

Interest paid scrip holders, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

for real estate expenses, . 

Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



sources, 



$156,108 66 
6,479 68 



,475,379 00 
38,925,963 00 



. $95,401,342 00 

. 31,647,644 00 

. $63,753,698 00 

. 1,952,489 00 



$56,831 66 
45,209 34 
10,248 85 

$461,360 33 



$149,628 98 

72,000 00 

3 00 

84 

67,131 60 

25,679 02 

15,127 73 

21,699 86 

1,401 10 

$352,672 13 

Premiums. 

$547,097 41 
409,118 62 

$956,216 03 
362,428 17 

$593,787 86 
17,895 79 



11,801,209 00 $575,892 07 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent ), 
Company's stock owned by directors, .... 



57,789,879 00 

3,694,762 00 

168,500 00 

1,686,500 00 

72,000 00 

221,880 00 



"FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 22, 1829. Commenced business June, 1829.] 

Paid-up Capital, $400,000. 

JAMES W. MCALLISTER, President. EZRA T. CRESSON, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Pittsburgh, Chartiers & Youghiogheny R.R., . $53,000 00 $58,300 00 
Pennsylvania R.R. bonds, .... 75,000 00 87,000 00 



216 



FRANKLIN FIRE INSURANCE CO. 



Shamokin, Sunbury & Lewisburg R.R., 

Chartiers R'y bonds, 

Penna. & New York Canal & R.R. bonds 

Huntingdon & Broad Top R.R., . . 

Lehigh Valley R.R. bonds, 

Pennsylvania R.R. bonds, . 

Penna. & New York Canal & R.R. bonds 

Phila., Wilmington & Baltimore RR., 

Philadelphia & Erie R R. bonds, 

Belvidere Delaware R.R., . 

Delaware & Bound Brook R.R. bonds, 

Chicago & Western Indiana R.R. bonds, 

Pennsylvania R.R. Trust Loan, 

Columbus & Cincinnati Midland R.R., 

Baltimore & Potomac R.R., 

West Jersey R.R. bonds, . . . 

Connecting R.R. Co. bonds, 

Easton & Amboy R R. bonds, . 

Elmira & Williamsport R.R. bonds, 

Phila., Wilm. & Balto. R.R. trust certificate, 

New York, Lack. & Western R.R. bonds, 

West Jersey R.R. bonds, .... 

New York Central R.R. bonds, 

Harrisb'g, Portsm'th, Mt. Joy & Lane. R R., 

Northern Central R.R. bonds, . 

Steubenville & Indiana R.R. bonds, . 

Camden & Atlantic R.R. bonds, 

North Central R.R. bonds, 

Philadelphia & Erie R.R. bonds, 

Baltimore & Ohio R.R. bonds, . 

River Front R.R. bonds, .... 

Camden & Atlantic R.R. bonds, 

Philadelphia & Reading R.R. bonds, 

St. Louis, Vandalia & Terre Haute R.R. bonds 

Northern Central Railway bonds, . 

Philadelphia & Reading R.R. bonds, 

Lehigh Valley R.R. Co bonds, 

Philadelphia & Baltimore Central R.R. bonds 

Jacksonville Southeastern R. W. bonds, . 

Baltimore & Ohio R.R. bonds, . 

Allegheny Valley R.R. bonds, . 

Penna. & New York Canal and R.R. Co. bonds 

Lehigh Valley R.R. Car Trust, 

Phila. & Reading Coal and Iron Co. bonds, 

Jacksonville & St. Louis R.R., . 

Wisconsin Central Co/s receiver's certif., 

Wilmington & Weldon R.R. bonds, . 

Jacksonville & St. Louis R.R., . 

Pittsburgh, Chartiers & Youghiogheny R.R., 



Par Value. 

$10,000 00 
6,000 00 
50,000 00 
29,000 00 
25,000 00 
61,000 00 
10,000 00 
28,000 00 
10,000 00 
21,000 00 
8,000 00 
9,000 00 
30,000 00 
25,000 00 
105,000 00 
14,000 00 
20,000 00 
25,000 00 
10,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
15,000 00 
60,000 00 
15,000 00 
18,000 00 
10,000 00 
25,000 00 
16,000 00 
11,000 00 
75,000 00 
14,000 00 
29,000 00 
41,000 00 
100,000 00 
1,000 00 
4,000 00 
25,000 00 
25,000 00 
3,000 00 
55,000 00 
25,000 00 
2,750 00 
20,000 00 
50,000 00 
12,650 00 
50,000 00 



Market Value. 

$10,300 00 

6,720 00 

60,000 00 

30,450 00 

33,500 00 

80,750 00 

10,600 00 

29,400 00 

10,800 00 

22,050 00 

8,240 00 

9,450 00 

34,200 00 

14,750 00 

128,050 00 

14,700 00 

21,400 00 

27,000 00 

10,600 00 

27,250 00 

35,000 00 

30,000 00 

25,750 00 

26,250 00 

17,850 00 

66,000 00 

17,700 00 

19,240 00 

11,900 00 

25,500 00 

16,800 00 

11,770 00 

77,250 00 

14,280 00 

32,450 00 

42,230 00 

108,050 00 

1,050 00 

3,400 00 

27,000 00 

32,250 00 

2,790 00 

55,550 00 

26,000 00 

1,650 00 

20,200 00 

51,000 00 

2,530 00 

51,000 00 



FRANKLIN FIRE INSURANCE CO, 



217 



Lehigh Coal & Navigation Co. bonds, 

Lehigh Valley Coal Co. bonds, 

Girard Point storage bonds, 

Susquehanna Coal Co bonds, . 

Delaware River Ferry Co. bonds, 

Pennsylvania Salt Manufacturing Co. bonds, 

Philadelphia Traction Co. bonds, 

Pittsburgh & Connellsville R.R. bonds, . 

West Jersey & Seashore R.R. bonds, 

Newport & Cincinnati Bridge Co. bonds, 

Edison Electric Light Co. bonds, 

Infantry Battalion, State Fencibles, bonds, 

United Traction Co. of Pittsburgh bonds, 

Federal St. & Pleasant Valley Pass. R'y bonds 

City of Springfield, 111., bonds, 

City of Sandusky, O., bonds, . 

City of Camden, N. J., bonds, . 

City of Philadelphia bonds, 

City of Quincy, 111., bonds, 

Gloucester County, N. J., bonds, 

Borough of Beaver, Pa., bonds, 

City of Columbus, O., bonds, . 

Borough of Sewickly, Pa , bonds, 

City of Dayton, O., bonds, 

Monongahela City, Pa., bonds, 

Borough of Downington, Pa., bonds 

City of Lancaster, Pa., bonds, . 

County of Gloucester, N. J., bonds, 

County of Cameron, Pa , bonds, 

Delaware County, Pa., bonds, . 
50 shares Independence National Bank, 
50 " First National Bank of Philadelphia 

100 " Southwark National Bank, 

125 " Phila., Wilmington & Bait. R.R., 

500 " Mine Hill & Schuylkill Haven R.R. 
25 " Penn. Co. for Ins. on Lives, etc., 
50 " Continental Hotel Co., . 



Securities held as collateral for cash loans : 

500 shares Philadelphia Traction Co., 

150 " Record Publishing Co., . 

Lehigh Valley R.R bonds, 

New York, Phila. & Norfolk R.R., . 

United Companies of New Jersey R.R., 

Record Publishing Co bonds, . 

22 shares 13th & 15th Street Pass. R'y Co., 



Par Value. 

$60,000 00 
20,000 00 
45,000 00 
15,000 00 

9,000 00 
47,000 00 
36,000 00 
20,000 00 
25,000 00 
25,000 00 
30,000 00 

4,000 00 
15,000 00 
10,000 00 

9,000 00 

35,000 00 

45,000 00 

200 00 

19,000 00 

3,000 00 
20,900 00 
50,000 00 
25,000 00 
25,000 00 
18,000 00 
10,000 00 

4,000 00 
15,000 00 
20,000 00 
75,000 00 

5,000 00 

5,000 00 
• 5,000 00 

6,250 00 
25,000 00 

2,500 00 

5,000 00 



Market Value. 

$62,900 00 
19,600 00 
40,500 00 
18,000 00 

9,270 00 
47,940 00 
37,440 00 
20,800 00 
26,250 00 
26,750 00 
31,800 00 

4,000 00 
15,000 00 
11,000 00 

9,270 00 

39,200 00 

46,050 00 

216 00 

19,380 00 

3,060 00 
21,945 00 
51,750 00 
26,250 00 
28,300 00 
19,440 00 
10,500 00 

4,160 00 
15,450 00 
20,400 00 
77,250 00 

6,250 00 
10,250 00 
10,000 00 

8,125 00 
29,000 00 
12,500 00 

7,000 00 



$2,240,250 00 $2,434,946 00 



Market Value. Loaned Thereon. 



$39,000 00 
15,000 00 
8,645 00 
4,200 00 
2,200 00. 
15,000 00 
5,786 00 



$25,000 00 
12,500 00 

10,000 00 

10,000 00 
4,000 00 



$89,831 00 $61,500 00 



218 



FRANKLIN FIRE INSURANCE CO. 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . . . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Keclaimable on perpetual fire policies, . 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital,. . 



Surplus over capital, . . . . 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from all other sources, 

Deposits received for perpetual fire risks, 

Gross cash income, .... 



$247,000 00 

204,558 00 

3,173 37 

2,434,946 00 

61,500 00 

3,429 62 

102,576 13 

554 43 

67,344 92 



$13,080 49 

23,022 34 

7,455 00 

$43,557 83 
1,863 21 

$41,694 62 

431,669 99 

1,134,277 51 

317 50 

9,387 13 

13,136 66 



$63,189 85 
538,860 03 



sources, 



;,125,082 47 



1,630,483 41 

$1,494,599 06 
400,000 00 

$1,094,599 06 



$602,349 88 
67,344 92 

$535,004 96 
91,867 32 



>,791 18 



$443,137 64 

12,882 70 

119,803 20 

10,846 49 

$586,670 03 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$680,645 00 
343,633 00 



GERMAN ALLIANCE INSURANCE CO. 



219 



Expenditures. 
Cash paid for fire losses, ... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

for repairs on real estate, 
Deposits returned on perpetual fire risks, 

Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 



. $200,705 22 




12,035 27 






$188,669 95 
99,902 50 




• . • . 


85,579 30 


es, . 


41,714 IP. 


• . . . 


20,712 77 


. 


86,875 89 


. . . . 


2,102 67 


$39,059 56 




. 


|525,557 24 


JMS. 


Premiums. 


. $78,737,220 00 


$886,323 24 


. 49,191,904 00 


538,860 03 



$127,929,124 
. 47,868,650 



00 $1,425,183 27 
00 549,152 38 



,060,474 
3,837,046 



00 $876,030 89 
00 40,966 82 



Net amount in force, $76,223,428 

Perpetual risks in force (notincl'd above), . $55,629,175 

Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (25 per cent.), 
Company's stock owned by directors, .... 



00 $835,064 07 
00 $1,232,280 94 



$31,335,838 00 

16,554,193 00 

203,377 00 

5,584,000 00 

100,000 00 

18,500 00 



GERMAN ALLIANCE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated Feb. 8, 1897. Commenced business Feb. 8, 1897.] 

Paid-up Capital, $200,000. 

ADOLPH A. STROHN, President. WM. N. KREMER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $ 250,000 00 

Central R.R. of New Jersey bonds, . . . 20,000 00 

Chic, Milwaukee & St. Paul R.R. bonds, . 15,000 00 

Milwaukee & St. Paul Railway bonds, . . 10,000 00 

100 shares Chicago & Northwestern R.R., . 10,000 00 



Market Value. 

$318,750 00 
22,000 00 
20,550 00 
13,700 00 
16,100 00 



$305,000 00 $391,100 00 



220 



GERMAN ALLIANCE INSURANCE CO. 



Summary of Assets Dec. 31, 1897. 



Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Gross assets, ..... 
Deduct special deposits in other States, . 

Balance, ...... 

Liabilities. 

Losses adjusted, unpaid, . . . 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums, .... 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, .... 



/. O 1 , J.Ot/1 . 

. $391,100 00 




35,078 79 




19,836 33 




. 


$446,015 12 
12,750 00 


. 


i . • • 


$433,265 12 


$1,434 00 




6,321 87 




102,024 08 




5,779 22 




174 17 




15 29 





$115,748 63 
5,077 97 



Surplus over capital, . 



110,670 66 

$322,594 46 
200,000 00 

$122,594 46 



Income 

Premiums on risks written or renewed, . . $231,371 42 
Premiums now in course of collection, . . 19,836 33 

Entire premiums collected, .... $211,535 09 
Less reinsurance and return premiums, . . 36,398 00 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 

Gross cash income, 



$175,137 09 
8,438 17 

$183,575 26 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, . . . 

Net cash, paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$23,775 13 
106 46 



$23,668 67 

45,296 97 

895 80 

4,717 01 

800 41 



Gross cash expenditures, 



$75,378 86 



GERM AN- AMEBIC AN INSURANCE CO. 



221 



Risks and Premiums. 

Premiums. 

Fire risks written during 1897, . . .$24,567,407 00 $231,371 42 
Deduct risks expired and terminated, . . 6,467,025 00 50.975 32 



In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. $18,100,382 00 |180,396 10 
30,980 00 171 65 



.$18,069,402 00 $180,224 45 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$175,137 00 
23,669 00 
31,425 00 
38,600 00 



" GERMAN-AMERICAN INSURANCE COMPANY," NEW YORK, N.Y. 

[Incorporated March, 1872. Commenced business March 7, 1872.] 

Paid-up Capital, $1,000,000. 

ERNEST L. ALLEN, President. WM. N. KREMER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market "Value. 

United States bonds, $975,000 00 $1,219,875 00 

District of Columbia bonds, .... 75,000 00 87,750 00 

New York city bonds, 927,784 00 913,229 00 

Brooklyn city bonds, 175,000 00 179,500 00 

Boston, Mass., Rapid Transit Loan, . . , 50,000 00 50,500 00 

St. Louis, Mo., bonds, 100,000 00 105,000 00 

Portland, Ore., water bonds, .... 50,000 00 55,500 00 

Albany & Susquehanna R.R. bonds, . . 75,000 00 84,750 00 

Atchison, Topeka & Santa Fe R'y bonds, . 20,000 00 17,200 00 

Chicago, Rock Island & Pacific R.R. bonds, . 150,000 00 166,000 00 

Central R R. of New Jersey bonds, . . . 65,000 00 71,500 00 

Chicago, Milwaukee & St Paul R.R. bonds, . 130,000 00 149,400 00 

Chic. & Northwestern R'y sinking fund bonds, 193,000 00 210,310 00 

Chicago, Burlington & Quincy R.R. bonds, . 100,000 00 102,000 00 

Chicago & Eastern Illinois R.R. bonds, . . 25,000 00 31,500 00 

Central Pacific R.R. bonds, .... 45,000 00 44,100 00 

Columbus, Hock. Valley & Toledo R'y bonds, 25,000 00 15,750 00 

Columbus & Ninth Avenue R.R. bonds, . . 25,000 00 29,000 00 

Cleveland, C. C. & St. Louis R.R , . . . 50,000 00 45,000 00 

Erie Railway bonds, 120,000 00 168,000 00 

Hannibal & St. Joseph R.R. bonds, . . . 25,000 00 29,500 00 

Lexington Ave. and Pavonia Ferry R'y bonds, 25,000 00 29,000 00 



222 



GERMAN- AMERICAN INSURANCE CO. 



Little Miami R.R. bonds, 

Louisville & Nash. & Mo. & Mont. R.R. bonds, 
Louisville & Nashville R.R. bonds, . 
Minneapolis & St. Louis R.R. bonds, 
Montana Central R.R. bonds, . 
Milwaukee & St. Paul R'y bonds, . 
New York, New Haven & Hartford R.R. ctfs. 
Nashville, Chattanooga & St. Louis R'y bonds 
N. Y., Lackawanna & Western R.R. bonds, 
N. Y., Susquehanna & Western R.R. bonds, 
New York Central & Hudson River R.R. bonds 
New York, Chicago & St. Louis R.R. bonds, 
Pennsylvania Co. bonds, .... 
St. Paul, Minn. & Manitoba R'y bonds, . 
Syracuse, Binghamton & N. Y. R'y bonds, 
West Shore R'y bonds, .... 
Allegheny Street Railway bonds, 
Minneapolis L. & M. Street R'y bonds, . 
Metropolitan Street R'y bonds, 
34th Street Crosstown R'y bonds, 
Troy (N. Y.) City R'y Co. bonds, . 
Edison Electric Illuminating Co. of N. Y. bonds, 
Underwriters' Prot. Asso. of Newark, N.J., b'ds, 
Western Union Telegraph Co. bonds, 
Maryland Steel Co. bonds, 
Standard Gas Light Co. bonds, 
100 shares Albany & Susquehanna R.R., 
400 " Cleveland, C. C. & St. Louis R.R. 
1,000 " Cayuga & Susquehanna R.R., 
1,000 " Chic, Milwaukee & St. Paul R.R 
650 " Chicago & Northwestern R.R., 
200 " Detroit, Hills. & Southwest. R.R. 
1,200 " Morris & Essex R.R., . 
2,633 " New York & Harlem R.R., . 
490 " N. Y , New Haven & Hart. R.R. 
200 " N. Y., Lack. & Western R.R., 
2,550 " Pennsylvania R.R., 
500 " Rensselaer & Saratoga R,R., 
300 " St. Paul, Minn. & Manitoba R.R. 
100 " American Exchange Nat'l Bank, 
367 " Central National Bank, 
500 " National Bank of Commerce, 
400 " Fourth National Bank, . 
221 " German American Bank, 
700 " Consolidated Gas Co., . 
300 " New York Mutual Gas Light Co., 
700 " Standard Oil Trust, . . . 



Par Value. 

$25,000 00 

100,000 00 
25,000 00 
10,000 00 
25,000 00 
40,000 00 
20,000 00 
25,000 00 

100,000 00 
50,000 00 

100,000 00 
45,000 00 
80,000 00 
96,000 00 
30,000 00 
35,000 00 
25,000 00 
25,000 00 
35,000 00 
50,000 00 
25,000 00 
50,000 00 
1,000 00 
25,000 00 
50,000 00 
25,000 00 
10,000 00 
40,000 00 
30,000 00 

100,000 00 
65,000 00 
20,000 00 
60,000 00 

131,650 00 
49,000 00 
20,000 00 

127,500 00 
50,000 00 
30,000 00 
10,000 00 
36,700 00 
50,000 00 
40,000 00 
16,575 00 
70,000 00 
30,000 00 
70,000 00 



Market Value. 

$25,750 00 

101,000 00 
28,250 00 
12,000 00 
29,000 00 
54,800 00 
27,600 00 
24,500 00 

132,000 00 
50,500 00 

106,000 00 
45,900 00 
86,830 00 

108,870 00 
36,000 00 
36,750 00 
24,500 00 
20,750 00 
38,500 00 
55,500 00 
25,750 00 
54,500 00 
980 00 
26,000 00 
31,500 00 
27,750 00 
18,000 00 
28,000 00 
45,000 00 

141,000 00 

104,650 00 
19,000 00 
96,000 00 

408,115 00 
88,200 00 
23,600 00 

144,075 00 
85,000 00 
36,000 00 
17,000 00 
60,555 00 

103,500 00 
72,000 00 
18,564 00 

119,000 00 
88,500 00 

238,000 00 



|5,599,209 00 |6,969,603 00 



GEKM AN- AMERICAN INSURANCE CO. 



223 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross) 

Gross assets,f 
Deduct special deposits in other States, 



Liabilities. 



Balance, 

Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, . 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 

Income. 
Fire premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, . . . 
Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



31, 1897. 

|15,000 00 

58,000 00 

844 89 

6,969,603 00 

14,782 05 

271,351 91 

10,136 17 

494,981 10 



$7,834,699 12 
153,000 00 

$7,681,699 12 



),450 72 
205,992 18 
34,502 40 

$310,945 30 
8,330 87 

|302,614 43 

2,601,689 81 

33,044 21 

95,959 89 

122,391 40 

1,196 31 

^3,156,896 05 
93,843 51 



3,063,052 54 



14,618,646 58 
1,000,000 00 

53,618,646 58 



$453,060 71 
5,378 84 



$447,681 87 
3,927,062 25 



t,374,744 12 
494,981 10 



53,879,763 02 
1,158,793 78 



!,720,969 24 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$107,000 00 
33,000 00 



j Including $500,000 special reserve fund held under New York law. 



224 



GERMAN FIRE INSURANCE CO. 



Interest and dividends received from all sources, . 
Income from rents, 



Gross cash income, 

Expenditures. 

Cash paid for fire losses, $1,473,974 47 

Deduct salvage and reinsurance, . , . 234,667 84 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

Gross cash expenditures, .... 



$278,838 41 
330 19 



S,000,137 84 



$1,239,306 63 
250,000 00 
456,719 68 
183,277 31 
83,730 68 
267,961 28 

$2,480,995 58 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$550,078,010 00 

415,515,753 00 

$965,593,763 00 

391,034,987 00 

$574,558,776 00 

23,404,863 00 



Premiums. 

^5,272,614 21 

3,927,062 25 

$,199,676 46 

3,809,848 91 

^5,389,827 55 

249,241 97 



$551,153,913 00 $5,140,585 58 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (25 per cent.) , 

Company's stock owned by directors, .... 



$49,067,542 00 

25,728,563 00 

1,265,795 00 

3,790,000 00 

250,000 00 

122,500 00 



-GERMAN FIRE INSURANCE COMPANY OF THE CITY OF 
PITTSBURGH," PITTSBURGH, PA. 

[Incorporated March 27, 1862. Commenced business July, 1862.] 

Paid-up Capital, $200,000. 
A. E. SUCCOP, President. A. H. ECKERT, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

First National Bank, Pittsburgh, stock, . . $10,000 00 f 17,700 00 
Second National Bank, Pittsburgh, stock, . 10,000 00 30,000 00 

Third National Bank, Pittsburgh, stock, . . 10,000 00 10,000 00 



GERMAN FIRE INSURANCE CO. 



225 



German National Bank, Pittsburgh, stock, 
Exchange National Bank, Pittsburgh, stock, 
Allegheny National Bank, Pittsburgh, stock, 
M. & M. National Bank, Pittsburgh, stock, 
Metropolitan Nat'l Bank, Pittsburgh, stock, 
Fifth Avenue Bank, Pittsburgh, stock, 
First National Bank, Allegheny, stock, . 
Second National Bank, Allegheny, stock, 
Aleppo township school bonds, 
People's Park Passenger Railway bonds, 
Duquesne Traction bonds, 
Milvale, Etna & Sharpsburg St. R'y bonds, 
Pittsburgh & Birmingham Traction Co. bonds, 



Securities held as collateral for cash loans : ■ — 

37 shares German National Bank, Pittsburgh, 
100 " Mercantile Trust Co., Pittsburgh, . 
55 " Humboldt Fire Ins. Co., Allegheny, 
50 " Philadelphia Gas Co., 
20 " U. S. National Bank, Pittsburgh, . 
15 " Allemannia Fire Ins. Co., Pittsburgh, 



Par Value. 

H0,200 00 

5,000 00 

5,000 00 

2,150 00 

300 00 

500 00 

10,000 00 
4,500 00 
1,800 00 
6,000 00 

11,000 00 

11,500 00 
7,000 00 



Market Velue. 

$30,600 00 

8,250 00 

6,250 00 

3,289 50 

372 00 

400 00 

12,600 00 

10,125 00 

1,980 00 

6,600 00 

11,990 00 

12,190 00 

7,245 00 



$104,950 00 $169,591 50 



Market Value. Loaned Thereon. 



$11,100 00 

14,000 00 

3,410 00 

1,100 00 

2,500 00 

825 00 



$1,600 00 
10,000 00 

2,000 00 

2,500 00 
200 00 



$32,935 00 $16,300 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $2,200 00 

Loans on mortgage of real estate (first liens*), 282,155 00 

Interest due or accrued thereon, . . . 4,482 24 

Stocks and bonds, as per schedule, . . . 169,591 50 

Loans on collateral security, as per schedule, . 16,300 00 

Cash deposited in bank, 26,147 33 

Interest due and accrued, 765 06 

Premiums in course of collection (gross), . 34,350 27 
Gross assets, ...... 



$535,991 40 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, * 
Less reinsurance, 

Net amount of unpaid losses, . 



$10,753 50 
9,630 97 
2,147 50 

$22,531 97 
1,144 56 

$21,387 41 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$342,600 00 
381,300 00 
277,350 00 



226 



GERMAN FIRE INSURANCE CO. 



Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local taxes, . 
Commissions and brokerage, " . 
Reinsurance disallowed, . 
Reserved for contingencies, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . ..... 



$165,979 87 

132 40 

780 00 

6,194 31 

514 13 

5,000 00 

_ . $199,988 12 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, . 

Profit on real estate, . 

Gross cash income, . 

Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employe 
for State and local taxes, 
for incidentals, . 

Gross cash expenditures, . 



132,959 28 

261,464 78 

|294,424 06 

34,350 27 

$260,073 79 

52,912 23 



sources, 



.10,889 39 
9,688 08 



es, 



$336,003 28 
200,000 00 

$136,003 28 



$207,161 56 

15,150 61 

8,429 08 

407 98 

7,000 00 

$238,149 23 



$101,201 31 
20,000 00 
51,649 19 
13,011 41 
4,100 38 
12,329 19 

$202,291 48 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$26,009,703 00 $319,606 86 
17,728,726 00 261,464 78 



Total,. ..... 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



143,738,429 00 $581,071 64 
19,546,204 00 244,458 91 



$24,192,225 00 $336,612 73 
886,293 00 11,019 37 



$23,305,932 00 $325,593 36 



GERMANIA FIRE INSURANCE CO. 



227 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, 



55,315,626 00 

2,497,095 00 

108,846 00 

678,000 00 

20,000 00 

27,750 00 



" GERMANIA FIRE INSURANCE COMPANY," NEW YORK, N.Y. 

[Incorporated March 2, 1859. Commenced business March 2, 1859.] 

Paid-up Capital, $1,000,000. 

HUGO SCHUMANN, President. CHARLES RUYKHAVER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, . .'..'. . . $550,000 00 $624,125 00 

Baltimore & Ohio R.R. Co. bonds, . . . 50,000 00 40,000 00 

Chesapeake & Ohio Railway Co. bonds, . . 30,000 00 31,800 00 

Chic, Rock Island & Pacific R.R. bonds, . . 25,000 00 33,500 00 

Chicago & Northwestern Railway Co. bonds, . 36,000 00 42,120 00 

Cleve., Col., Cin. & Indianapolis R.R. bonds, . 25,000 00 32,500 00 

Denver & Rio Grande R.R. bonds, . . . 35,000 00 32,200 00 

Dry Dock,E. Broadway & Battery R.R. bonds, 10,000 00 11,500 00 

Fargo & Southern Railway bonds, . . . 20,000 00 26,000 00 

Flint & Fere Marquette R.R. bonds, . . 25,000 00 21,500 00 

Georgia State bonds, . - . . . . 25,000 00 24,500 00 

Harlem River & Port Chester R.R. bonds, . 10,000 00 10,800 00 

Kentucky Central Railway bonds, . . . .25,000 00 22,000 00 

Long Island R.R. bonds, ..... 15,000 00 17,550 00 

Michigan Central R R. bonds, .... 20,000 00 25,400 00 

Milwaukee & Northern R.R. bonds, . . 25,000 00 30,500 00 

Milwaukee & St. Paul Railway bonds, . . 15,000 00 21,150 00 

Mississippi State bonds, ..... 20,000 00 20,000 00 

Morris & Essex R.R. bonds, . . . . 5,000 00 5,550 00 

N. Y., Brooklyn & Manhattan Beach R'y bonds, 25,000 00 26,500 00 

Pennsylvania Co. bonds, 50,000 00 57,500 00 

Richmond city bonds, ..... 52,100 00 52,100 00 

Rome, Watertown & Ogdensburg R.R. bonds, 35,000 00 42,350 00 

St. Paul, Minn. & Manitoba Railway bonds, . 25,000 00 27,000 00 

St. Paul & Northern Pacific R.R. bonds, . . 16,000 00 20,480 00 

Third Avenue R.R. Co. bonds, .... 25,000 00 31,000 00 

Underwriters 1 Protective Asso. of Newark, . 1,000 00 1,000 00 

Union Elevated R.R., Brooklyn, bonds, . . 15,000 00 12,300 00 

Lehigh Valley R.R. Co bonds, . . . 25,000 00 26,000 00 

Edison Electric Illuminating Co, bonds, . . 25,000 00 28,000 00 

Western New York & Pa. R.R. Co. bonds, . 25,000 00 27,000 00 

Consolidated stock of city of New York, . 100,000 00 100,000 00 



228 



GERMANIA FIRE INSURANCE CO. 



Cit} r of New York bonds, 

Commercial Cable Co. stock, . 

Consolidated Gas Company stock, . 

Broadway & Seventh Avenue R.R. stock, 

Chicago & Alton R.R. stock, . 

Chicago, Milwaukee & St. Paul R.R. stock, 

Chicago & Northwestern Railway Co. stock, . 

Chic, St. Paul, Minn. & Omaha Railway stock, 

Delaware & Hudson Canal Co. stock, 

Germ an- American Bank stock, 

Lake Shore & Michigan Southern R'y stock, 

National Park Bank stock, 

N. Y. Central & Hudson River R.R. stock, 

Pennsylvania R.R. stock, .... 

Pullman's Palace Car Co. stock, 

Rome, Watertown & Ogdensburg R.R. stock, 

Western Union Telegraph Co. stock, 

Delaware, Lacka. & Western R.R. stock, 

St. Paul, Minneapolis & Manitoba R 1 y stock, 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross), 

Rents, ....... 

In hands of department managers, . 

Prem's more than three mos. due, $15,790 25 

Gross assets, ... 
Deduct special deposits in other States, . 



Par Value. 

$400,000 00 
10,000 00 
60,000 00 
40,000 00 
60,000 00 
60,000 00 
60,000 00 
50,000 00 
60,000 00 
9,375 00 
60,000 00 
5,000 00 
45,000 00 
51,000 00 
50,000 00 
60,000 00 
50,000 00 
20,000 00 
25,000 00 



Market Value. 

$426,500 00 
17,800 00 

106,800 00. 
80,000 00 
96,000 00 
85,200 00 
97,800 00 
75,000 00 
67,200 00 
10,500 00 

102,600 00 
13,250 00 
48,150 00 
58,650 00 
86,500 00 
72,600 00 
45,500 00 
31,000 00 
30,500 00 



$2,560,475 00 $3,075,475 00 

31, 1897. 

$615,000 00 

299,100 00 

6,956 25 

3,075,475 00 

3,294 66 

101,238 36 

2,500 00 

215,470 85 

3,268 09 

16,415 93 

— — — $4,338,719 14 
76,600 00 



Balance, 

Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 



$4,262,119 14 



Liabilities. 



,304 39 
35,007 53 
13,450 00 



,761 92 
7,508 62 

11,253 30 



* Value of lands mortgaged 

Value of buildings thereon, . . 
Amount of insurance held as collateral, 



$193,500 00 
326,500 00 
289,000 00 



GERMANIA FIRE INSURANCE CO. 



229 



Unearned premiums on outstanding risks, 
Interest due on mortgage, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, . 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



Income 



Fire premiums outstanding Dec. 31, 1896 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 



Entire premiums collected, .... $1,591,030 47 

Less reinsurance and return premiums, . . 431,592 62 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, ....... 



$1,411,908 64 

1,075 00 

30,748 84 

44,284 51 

fl,549,270 29 

16,991 30 



$200,239 70 
1,622,051 87 

51,822,291 57 
231,261 10 



1,532,278 99 

$2,729,840 15 

1,000,000 00 

$1,729,840 15 



£1,159,437 85 

16,573 12 

130,583 73 

. $1,306,594 70 



Expenditures. 

Cash paid for fire losses, . . . . . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, .... 



$491,938 53 
60,122 73 



$431,815 80 

120,000 00 

195,696 98 

125,714 14 

20,464 50 

83,311 94 

$977,003 36 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$317,571,740 00 $2,733,575 84 
206,187,985 00 1,622,051 87 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . . . 



$523,759,725 00 $4,355,627 71 
186,164,056 00 1,486,936 36 



$337,595,669 00 $2,868,691 35 
16,511,903 00 146,090 70 



$321,083,766 00 $2,722,600 65 



230 



GIRARD FIRE AND MARINE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, . 



$31,836,243 00 
. 15,797,657 00 

428,613 00 
. 2,921,000 00 

120,000 00 
. 193,350 00 



" GIRARD FIRE AND MARINE INSURANCE COMPANY," 
PHILADELPHIA, PA. 

[Incorporated March 26, 1853. Commenced business May 2, 1853.] 

Paid-up Capital, $300,000. 

ALFRED S. GILLETT, President. EDWIN F. MERRILL, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, . --— . . 

City of Louisville, Ky., bonds, . 

County of St. Louis, Miss., bonds, . 

City of Seattle, Washington, bonds,. 

Borough Ridley Park, Pa., bonds, , 

Wadena, Minn , school bonds, . 

State of Georgia bonds, . 

City of Camden, N. J , bonds, . 

City of Duluth, Minn., bonds, . 

Norfolk and Western Railroad bonds, 

Connecting Railroad bonds, 

Penn. Railroad bonds, . . 

Phil a., Wilmington & Baltimore R.R., 

Pitts., Cinn., Chicago & St. Louis R.R., 

Delaware Railroad Co. bonds, . 

North Penn. R.R. bonds, . 

Lehigh Valley R.R. bonds, 

Zanesville & Ohio R.R. bonds, . 

Lynn & Boston R.R. bonds, 

Lower Merion Gas Company bonds, 

Hutchinson W. L. & P. Co. bonds,, . 

Hamilton R. E. Co., Phila , bonds, . 

Northwestern Gas Light and Coke Co. bonds 

Phila. and Darby Pass. R'y Co. stock, 

Holmesburg Water Co. stock, . 

Pennsylvania R.R! Co. stock, . 

Lehigh Valley R.R. Co. stock, . 

Lehigh Coal and Navigation Co. stock, . 



Par Value. 

$72,000 00 

10,000 00 

10,000 00 

50,000 00 

4,000 00 

6,000 00 

25,000 00 

20,000 00 

15,000 00 

15,000 00 

10,000 00 

10,000 00 

70,000 00 

10,000 00 

'6,000 00 

5,000 00 

20,000 00 

10,000 00 

25,000 00 

8,000 00 

12,000 00 

5,000 00 

10,000 00 

2,250 00 

1,000 00 

15,000 00 

15,000 00 

5,000 00 



Market Value. 

$82,440 00 

11,700 00 

11,800 00 

52,000 00 

4,200 00 

6,000 00 

27,250 00 

22,000 00 

15,600 00 

15,000 00 

11,300 00 

13,000 00 

75,600 00 

11,100 00 

6,300 00 

6,000 00 

20,100 00 

2,000 00 

26,000 00 

8,000 00 

6,000 00 

5,000 00 

10,000 00 

1,805 63 

1,000 00 

17,100 00 

7,800 00 

4,200 00 



GIRARD FIRE AND MARINE INSURANCE CO. 



231 



Reading Co. stock, . 
Philadelphia Bourse stock, 
Girard Fire and Marine Ins. Co., 



Par Value. Market Value. 

$2,400 00 $606 00 
1,000 00 80 00 



$41,650 00 



Securities held as collateral for cash loans : — 

Allegheny Valley R.R. Co. bonds, . 

35 shares iEtna Insurance Co., 

Notes secured by real estate, .... 



$469,650 00 $480,981 63 



Market Value. Loaned Thereon. 



$1,300 00 

9,625 00 

103,400 00 



$600 00 

2,000 00 

80,950 00 



$114,325 00 $83,550 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $366,200 00 

Loans on mortgage of real estate (first liens*), 795,910 00 

Interest due or accrued thereon, . . . 14,333 24 

Stocks and bonds, as per schedule, . . . 480,981 63 

Loans on collateral security, as per schedule, . 83,550 00 

Cash deposited in bank, ..... 127,460 90 

Interest due and accrued, ..... 3,509 89 

Premiums in course of collection (gross), . 58,279 98 

Notes taken for marine and inland risks, . . 24,105 78 

Perpetual premiums in course of collection, . 32,389 00 

All other admitted assets, . ... . . 10,305 68 

Gross assets, . . . . . . — —$1,997,026 10 



Liabilities. 

Losses claimed and reported, 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, . 



$25,356 36 
10,081 62 

$35,437 98 
1,566 97 

$33,871 01 

379,997 37 

601,688 69 

744 97 

22,993 40 

9,829 74 

6,565 87 

____^_ 1,055,691 05 



. $941,335 05 
300,000 00 

. $641,335 05 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



1,823,398 00 
712,840 00 
388,360 00 



232 GIRARD FIRE AND MARINE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $95,760 02 
Premiums on risks written or renewed, . . 463,836 04 



Total, ........ $559,596 06 

Premiums now in course of collection, . . 82,385 76 



Entire premiums collected, .... $477,210 30 
Less reinsurance and return premiums, . . 74,687 77 

Net cash fire premiums received, . . _ . — — ■ $402,522 53 

Interest received on mortgages, ...... 52,404 89 

Interest and dividends received from all other sources, . . 25,076 28 

Income from rents, ......... 15,707 56 

Assignments and surveys, . . . . . . 862 50 

Deposits received for perpetual fire risks, . $42,835 89 

Gross cash income, ........ $496,573 76 

Expenditures. 
Cash paid for fire losses, $189,652 59 

Deduct salvage and reinsurance, . . . 13,109 67 

Net cash paid for fire losses, .... — — $176,542 92 

Cash dividends paid, 69,000 00 

Cash paid for commissions and brokerage, .... 90,443 21 

for salaries of officers and employees, . . . 59,502 77 

for State and local taxes, ..... 18,504 60 

for incidentals, 34,238 54 

Deposits returned on perpetual fire risks, . $31,008 50 

Gross cash expenditures, $448,232 04 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1896, . .$75,851,852 00 $794,732 46 

Fire risks written during 1897, . . . 47,162,560 00 463,836 04 

Total,. . ... . ... $123,014,412 00 $1,258,568 50 

Deduct risks expired and terminated, . . 45,342,604 00 474,032 65 



In force at end of year, . $77,671,808 00 $784,535 85 

Deduct amount reinsured, .... 4,055,057 00 40,866 38 



Net amount in force, . . , . .$73,616,75100 $743,669 47 

Perpetual risks in force (not incl'd above), . $30,897,991 00 $668,542 99 

Miscellaneous. 

Premiums received from organization of company, . $13,098,369 00 

Losses paid from organization of company, .... 5,157,614 00 

Fire losses incurred during the year, ..... 184,450 00 

Cash dividends declared from organization of company, . 1,844,194 00 

Dividends declared during the year (23 per cent.), . . 69,000 00 

Com pany's stock owned by directors, ..... 36,400 00 



GLENS FALLS INSURANCE CO. 



233 



"GLENS FALLS INSURANCE COMPANY," GLENS FALLS, N. Y. 

[Incorporated May, 1849. Commenced business May, 1850.] 

Paid-up Capital, $200,000. 

J. L. CUNNINGHAM, President. R. A. LITTLE, Secretary. 



Detailed Statement of Stocks 



N. Y. Central & Hudson River R.R. bonds, 

New York & Harlem R R. bonds, . 

Lake Shore & Michigan So. Railroad bonds, 

Syracuse, Bing. & New York R.R. bonds, 

Morris & Essex R.R. bonds, 

West Shore R R. bonds, . 

Hudson River Pulp and Paper Co. bonds, 

Georgia State bonds, 

Richmond city bonds, 

First National Bank, Glens Falls, stock, 

International Loan & Trust Co. bonds, 

Gould Paper Co. bonds, . 

German Trust Co., Davenport, la., bonds, 

Glens Falls Paper Mills Co. bonds, . 

Cleveland Trust Co. stock, 

Mt. Kisco National Bank stock, 

Glens Falls National Bank stock, 



Securities held as collateral for cash loans : — 
Morris & Essex R.R. bonds, .... 



and Bonds. 

Par Value. 

$200,000 00 

100,000 00 

50,000 00 

53,000 00 

50,000 00 

50,000 00 

285,000 00 

25,000 00 

11,000 00 

10,000 00 

99,857 87 

150,000 00 

95,939 44 

240,000 00 

5,000 00 

5,000 00 

2,500 00 



Market Value. 

$230,000 00 

108,000 00 

53,500 00 

65,190 00 

70,000 00 

50,000 00 

285,000 00 

25,000 00 

10,230 00 

20,000 00 

99,857 87 

150,000 00 

95,939 44 

240,000 00 

6,000 00 

5,000 00 

5,000 00 



,432,297 31 $1,518,717 31 

Market Value. Loaned Thereon. 

$4,200 00 $4,000 00 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens) , 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Prem's more than three mos. due, . $2,750 00 

Gross assets,* ..... 
Deduct special deposits in other States, . 

Balance, 



$58,750 00 

1,124,366 18 

5,819 11 

1,518,717 31 

4,000 00 

4,353 82 

252,817 67 

8,400 00 

89,434 95 

1,313 17 



$3,067,972 21 
35,230 00 

$3,032,742 21 



* Including $200,000 special reserve held under the New York laws. 



234 



GLENS FALLS INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, ..... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, ..... 



f 13,541 33 

35,612 00 
6,534 25 

$55,687 58 
5,882 07 



),805 51 

917,763 17 

10,000 00 

13,812 74 

11,640 17 



Surplus over capital, . 



$1,003,021 59 

$2,029,720 62 
200,000 00 

$1,829,720 62 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, etc , . 



Gross cash income, . 

Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 



$84,298 98 
496 41 

$83,802 57 
987,144 59 

1,070,947 16 
92,184 95 

$978,762 21 
167,378 63 



sources, 



$427,349 71 
28,109 78 



$811,383 58 

77,988 46 

89,632 85 

2,603 22 

$981,608 11 



$399,239 93 

40,000 00 

168,107 21 

67,054 85 

42,013 74 

58,415 59 

$774,831 32 



GLOBE FIRE INSURANCE CO. 



235 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$170,758,630 00 $1,868,205 84 
91,636,886 00 987,144 59 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



1262,395,516 00 $2,855,350 43 
85,597,541 00 950,909 45 



$176,797,975 00 $1,904,440 98 
8,945,470 00 107,820 88 



1167,852,505 00 $ 1,796,620 10 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
Company's stock owned by directors, .... 



,158,251 00 

7,792,125 00 

413,845 00 

720,000 00 

40,000 00 

72,730 00 



" GLOBE FIRE INSURANCE COMPANY," NEW YORK. 

[Incorporated March, 1863. Commenced business March, 1863.] 

Paid-up Capital, $200,000. 

E. C. JAMESON, President. WM. VALENTINE, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, . . . 
New York city bonds, . . 
District of Columbia bonds, 
Broadway & Seventh Avenue R.R. bonds 
Chicago & Erie R.R. bonds, 
Brooklyn city bonds, 
Central Union Gas Co bonds, . 
Oregon Short Line R'y bonds, . 
400 shares New York & Harlem R R., 
100 " Delaware & Hudson Canal Co., 
250 " Consolidated Gas Co., New York, 
100 " Chicago & Northwestern R.R., 
200 " Brooklyn Union Gas Co., 
50 " People's Gas Light & Coke Co., 



Par Value. 

|168,000 00 
26,000 00 
25,000 00 

5,000 00 
10,000 00 
20,000 00 

5,000 00 
10,000 00 
20,000 00 
10,000 00 
25,000 00 
10,000 00 
20,000 00 

5,000 00 



Market Value. 

$184,736 25 
26,000 00 
28,750 00 

6,000 00 
11,150 00 
20,800 00 

5,000 00 
12,375 00 
65,000 00 
11,100 00 
44,250 00 
12,050 00 
23,600 00 

4,825 00 



$359,000 00 $455,636 25 



236 



GLOBE FIRE INSURANCE CO, 



Summary of Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens*), $64,500 00 

Interest due or accrued thereon, . . . 916 54 

Stocks and bonds, as per schedule, . . . 455,636 25 

Cash in the office of the company, , . , 301 28 

Cash deposited in bank, 43,223 76 

Interest due and accrued, . 3,350 00 

Premiums in course of collection (gross), . 163,337 41 

Gross assets, ...... 



$731,265 24 



Liabilities. 

Losses adjusted, unpaid, ..... $17,950 00 

claimed and reported, .... 105,481 10 

disputed or resisted, .... 4,070 00 

Total amount of losses, ..... $127,501 10 

Less reinsurance, . . . . . . 5,000 00 

Net amount of unpaid losses, .... $122,501 10 

Unearned premiums on outstanding risks, . 202,524 74 

Commissions and brokerage, .... 46,995 47 

Reinsurance, ....... 34,057 30 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 

Paid-up capital, ...... 



406,078 61 



Surplus over capital, . 



$325,186 63 
200,000 00 

$125,186 63 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, ....... 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Gross cash income, .... 



$165,514 64 
941,183 27 



.,106,697 91 
163,337 41 



$943,360 50 
342,927 71 



sources, 



,432 79 

56,844 21 

2,773 50 

19,038 38 

$679,088 88 



* Value of lands mortgaged. 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$65,000 00 
66,500 00 
63,000 00 



THE GRAND RAPIDS FIRE INSURANCE CO. 



237 



Expenditures. 

Cash paid for fire losses, $419,085 63 

Deduct salvage and reinsurance, . . . 10,000 15 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, ' 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



Eire risks outstanding Dec 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1897, . 
Deduct risks expired and terminated, 

In force at end of year, 



.$54,739,312 00 
. 94,605,480 00 

|149,344,792 00 
75,740,479 00 



$73,604,313 00 
33,786,060 00 



$409,085 48 

16,332 55 

12,000 00 

188,316 41 

4,930 00 

12,422 42 

2,556 32 

$645,643 18 

Premiums. 

$595,336 84 
941,183 27 

1,536,520 11 
822,821 17 

$713,698 94 
342,960 50 



$39,818,253 00 $370,738 44 



$ 1,705,700 00 
16,125 00 



|56,844 21 
33,861 39 



$1,689,575 00 $22,982 82 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), , 
Company's stock owned by directors, .... 



$4,022,739 00 

2,066,920 00 

431,039 00 

34,872 00 

642,000 00 

12,000 00 

32,250 00 



"THE GRAND RAPIDS FIRE INSURANCE COMPANY," GRAND 

RAPIDS, MICH. 

[Incorporated November, 1882. Commenced business November, 1882.] 

Paid-up Capital, $200,000. 

JOHN W. CHAMPLIN, President. W. FRED McBAIN, Secretary. 



Detailed Statement of Stocks and Bonds. 

Tar Value. 

$8,000 00 
20,000 00 
25,000 00 



City of Petoskey, Mich., bonds, 

United States bonds, . 

Grand Rapids Gas Light Co. bonds, . 



Market Value. 

$8,110 00 
25,600 00 
25,000 00 



$53,000 00 $58,710 00 



238 



THE GRAND EAPIDS FIRE INSURANCE CO. 



Securities held as collateral for cash loans : — ■ 



15 shares Grand Rapids Nat'l Bank, 

100 " White & Friant Lumber Co., . 

25 " Fourth Nat'l Bank, Grand Rapids, 

25 " Hastings National Bank, Hastings 

800 " Anti-Kalsomine Co., Grand Rapids 

115 " Hastings National Bank, 

65 " Fourth Nat'l Bank, Grand Rapids, 

50 " National City Bank, Grand Rapids 

25 " Bankers' National Bank, Chicago, 

18 " State Bank of Michigan, 

7 " White & Friant Lumber Co., . 

Peninsula Improvement bonds, Grand Rapids, 
10 shares Holland City Bank, . 

80 " National City Bank, Grand Rapids, 

10 " Grand Rapids Savings Bank, . 

50 " National Bank of Grand Haven, 

151*1 " Grand Rapids National Bank, 

10 " Kent County Savings Bank, . . 

100 " Grand Rapids Savings Bank, . 

20 " National City Bank, Grand Rapids, 



Market Value. 

$1,800 00 

10,000 00 

2,875 00- 

2,125 00 

5,600 00. 

9,775 00 

7,475 00 

6,000 00 

2,750 00 

1,800 00* 

700 00 

375 00. 

1,000 00 

9,600 00 

550 00 

5,000 00 

18,180 00 

1,000 00 

5,500 00 

2,400 00 



Loaned Thereon. 

$1,500 00 
5,000 00 

6,625 00 



6,500 00 
7,500 00 

2,500 00 

800 00 

8,000 00 

500 00 

5,000 00 

15,000 00 

5,000 00 
2,000 00 



$94,505 00 $65,925 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, . . 



31, 1897. 

$4,000 00 
250,830 50 

3,507 91 
58,710 00 
65,925 00 
13,548 22 
72,987 87 

1,493 56 
42,677 05 



$513,680 11 



Liabilities. 



Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 



$10,179 00 
4,550 00 

$14,729 00 
500 00 

$14,229 00 



* Value of lands mortgaged, «, . . 
Value of buildings thereon, . . . 
Amount of insurance held as collateral, 



$399,800 00 
282,350 00 
211,045 00 



THE GRAND RAPIDS FIRE INSURANCE CO. 



239 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$187,722 98 
8,632 46 



- $210,584 44 

. $303,095 67 
200,000 00 

. $103,095 67 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 



1,377 96 
344,462 40 

$380,840 36 
42,677 05 

$338,163 31 
80,491 46 



Total, . . . 
Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . — ■ 

Interest received on mortgages, . 
Interest and dividends received from all other sources, . 
Income from rents, ..„,.,.. 
Profits on sale of bonds, 



Gross cash income, 



$257,671 85 

15,150 36 

8,663 13 

400 00 

193 75 

$282,079 09 



Expenditures. 

Cash paid for fire losses, * . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, . 



$135,956 78 
14,741 61 



$121,215 17 
12,000 00 
55,916 69 
13,941 89 
9,179 56 
19,071 62 

$231,324 93 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Total, . . . . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $29,605,584 00 
. 28,250,497 00 



. $57,856,081 00 
. 24,388,176 00 

. $33,467,905 00 
. 3,297,109 00 



Premiums. 

$373,729 86 
344,462 40 



5718,192 26 
308,320 73 



,871 53 
44,302 92 



. $30,170,796 00 $365,568 61 



240 



GRANITE STATE FIRE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, . . $2,489,317 00 

Losses paid from organization of company, . 1,129,244 00 

Fire losses incurred during the year, 124,850 00 

Cash dividends declared from organization of company, . 114,000 00 

Dividends declared during the year (6 per cent.), . . „ 12,000 00 

Company's stock owned by directors, 100,400 00 



"GRANITE STATE FIRE INSURANCE COMPANY," 
PORTSMOUTH, N. H. 

[Incorporated July 17, 1885. Commenced business Nov. 12, 1885.] 

Paid-up Capital, $200,000. 

FRANK JONES, President. ALFRED F. HOWARD, Secretary. 



Detailed Statement of Stocks 



City of Manchester, N. H., bonds, 
County of Hillsboro', N. H., bonds, 
Town of Harrisville, N. H., bonds, 
Portsmouth, N. H., bonds, 
Dover, N. H., bonds,. 
Nashua, N. H., bonds, 
Concord, N. H., bonds, 
Laconia, N. H., bonds, 
Pittsfield, N. H., bonds, . 
Peterborough, N. H., bonds, 
Newport, N. H., bonds, 
Coos County, N. H., bonds, 
Rockingham County, N. EL, bonds, 
Burlington, Vt., bonds, 
Quincy, Mass., bonds, 
Concord & Montreal R.R. bonds, 
Emporia Electric & Gas Light Co. bonds 
Eastman Freight Car Heater Co. bonds, 
Palouse City, Wash., water bonds, 
St. Cloud Gas and Electric Co. bonds, 
Nashua Card and Glazed Paper Co. bonds, 
New Hampshire Trust Co. bonds, . 
Chippewa Falls Water Works Co. bonds, 
Columbia County, Wash., bonds, 
123 shares Boston & Maine R R., . 
Tacoma Traction Co. bonds, . 

1 share Worcester, Nashua & Roch'ter R.R., 
50 shares WolfboiV Loan and Banking Co., . 
133 " Dover Gas Light Co., 



and Bonds. 

Par Value. 

$100,000 00 

10,000 00 

14,000 00 

10,000 00 

10,000 00 

10,000 00 

1,000 00 

10,000 00 

2,500 00 

4,000 00 

5,000 00 

5,000 00 

4,000 00 

5,000 00 

6,000 00 

10,000 00 

10,000 00 

26,000 00 

4,800 00 

10,000 00 

5,000 00 

10,200 00 

10,500 00 

8,000 00 

12,300 00 

2,361 90 

100 00 

5,000 00 

3,325 00 



Market Value. 

$104,430 00 

10,800 00 

14,150 00 

10,642 50 

10,506 50 

10,695 00 

1,083 75 

10,867 80 

2,641 25 

4,213 80 

5,408 50 

5,100 00 

4,352 40 

5,351 00 

6,750 00 

10,600 00 

10,000 00 

26,000 00 

5,040 00 

10,000 00 

5,000 00 

8,160 00 

10,500 00 

8,640 00 

20,602 50 

2,361 90 

120 00 

5,000 00 

3,325 00 



$314,086 90 #332,341 90 



GRANITE STATE FIRE INSURANCE CO. 



241 



Securities held as collateral for cash loans : — 

40 shares Indian Head N'l B'k, Nashua, N. H , 
Portsmouth, Gt. Falls & Conway R.R. bonds, . 



Market Value. Loaned Thereon. 

$3,200 00 
1,150 00 



$4,000 00 



$4,350 00 $4,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued* . 
Premiums in course of collection (gross), 
Paid losses reinsured, 
Gross assets, 

Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums, 
Reinsurance, .... 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, ...... 

Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, . . . . . . 

Net collected, . . . . . 
Premiums on risks written or renewed, . 

Total, ....... 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



31, 1897. 

. $26,800 00 

31,047 51 

475 15 

332,341 90 

4,000 00 

2,137 83 

41,548 92 

1,993 43 

45,307 68 

134 30 



$6,754 52 

15,585 75 

5,500 00 

$27,840 27 
4,223 96 

$23,616 31 

180,218 78 

7,682 15 

3,372 33 

10,652 41 



$42,910 00 

258 47 

$12^55 1 53 

407,180 30 

$449,831 83 

45.307 68 

$404,524 15 

90.308 80 



$485,786 72 



225,541 98 

$260,244 74 
200,000 00 



,244 74 



$314,215 35 



* Value of lands mortgaged, . . . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$57,700 00 
16,500 00 
25,300 00 



242 



THE GREENWICH INSURANCE CO. 



Interest received on mortgages, ...... f 563 03 

Interest and dividends received from all other sources, . . 13,162 50 

Income from rents, 897 22 

Gross cash income, ........ $328,838 10 



Expenditures. 

Cash paid for (ire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, .... 



$180,428 86 
28,588 47 



$151,840 39 

12,000 00 
61,108 36 
10,026 00 
5,719 97 
25,286 64 

$265,981 36 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums, 

. $36,927,849 00 $449,684 02 
. 30,949,284 00 407,180 30 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



.$67,877,133 00 $856,864 32 
. 29,226,593 00 391,932 16 



. $38,650,540 00 $464,932 16 
. 11,199,362 00 127,872 75 



.$27,451,178 00 $337,059 41 



Miscellaneous. 

Premiums received from organization of company, . . . $5,622,985 00 

Losses paid from organization of company, .... 2,502,164 00 

Fire losses incurred during the year, . . . . . 154,111 00 

Cash dividends declared from organization of company, . 96,000 00 

Dividends declared during the year (6 per cent.), . . . 12,000 00 

Company's stock owned by directors, 125,600 00 



"THE GREENWICH INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated May 5, 1834. Commenced business Jan. 1, 1835.] 

Paid-up Capital, $200,000. 

MASON A. STONE, President. WALTER B. WARD, Ass't Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States government bonds, . . . $46,500 00 $52,080 00 
District of Columbia bonds, .... 125,00000 1-42,50000 
Harlem River & Port Chester R.R. bonds, . 10,000 00 10,800 00 



THE GREENWICH INSURANCE CO. 



243 



Albany & Susquehanna R.R. bonds, 
The Oswego & Syracuse R.R Co. bonds, 
Buffalo & Erie R.R. bonds, .... 
State of Georgia bonds, . . . 
Rome, Watertown & Ogdensburg R.R. bonds, 
The Central of Georgia R'y Co. bonds, . 
Consolidated Gas Co of New York stock, 
Rensselaer & Saratoga R.R. Co. stock, 
The Valley R.R. Co. stock, .... 
National Broadway Bank stock, . 
Delaware & Hudson Canal Co. stock, 
New York, Lack. & Western R.R. stock, . 
Chicago & Northwestern R'y Co. stock, . 
Chicago, Milwaukee & St. Paul R'y Co. stock, 
St. Paul, Minn. & Manitoba R'y Co. stock, 



Par Value. 

$80,000 00 
53,000 00 

9,500 00 
25,000 00 

5,000 00 
25,000 00 
100,000 00 
60,000 00 
35,000 00 
17,500 00 
60,000 00 
25,000 00 
30,000 00 
50,000 00 
40,000 00 



Market Value. 

$92,000 00 

57,240 00 

9,500 00 

25,000 00 

6,050 00 

23,750 00 

176,000 00 

105,600 00 

38,500 00 

39,375 00 

67,200 00 

29,500 00 

48,600 00 

71,000 00 

49,200 00 



$796,500 00 $1,043,895 00 



Securities held as collateral for cash loans : — 
50 shares Bowery Bank stock, .... 



Market Value. Loaned Thereon. 

$12,000 00 $5,000 00 



Summary of Assets Dec. 31, 1897, 

Cash value of unencumbered real estate, . $200,000 00 

Stocks and bonds, as per schedule, . . . 1,043,895 00 

Loans on collateral security, as per schedule, . 5,000 00 

Cash in the office of the company, . „ . 5,187 46 

Cash deposited in bank, ..... 61,874 28 

Interest due and accrued, ..... 437 50 

Premiums in course of collection (gross), . 146,275 73 

Notes taken for marine and inland risks, . 22,015 54 
Prem's more than three mos due, . $12,456 28 

Gross assets, 

Deduct special deposits in other States, . 

Balance, . . . . 



fl,484,685 51 
36,200 00 

fl,448,485 51 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 



$6,649 53 

122,841 89 

40,039 84 



$169,531 26 
13,890 93 



Net amount of unpaid losses, . 



$155,640 33 



244 



THE GREENWICH INSURANCE CO. 



Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
State and local taxes, 
Reinsurance disallowed, . 
Commissions and brokerage, 
Return premiums, 
Miscellaneous, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, .... 



$687,544 51 

931 50 

5,000 00 

16,462 28 

27,500 00 

9,583 50 

6,753 40 

,415 52 
24,336 31 



$885,079 21 



Surplus over capital, . 



. $563,406 30 
200,000 00 

. $363,406 30 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $159,879 13 
Same not collected, ...... 37,005 44 



Net collected, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash tire premiums received, 

Marine premiums outstanding Dec. 31, 1896, 

Same not collected, ..... 

Net collected, . 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 



!122,873 69 
964,565 83 



$1,087,439 52 
154,509 23 



$932,930 29 
189,314 47 

$7,211 72 
462 60 

$6,749 12 
154,696 80 

$161,445 92 
9,222 78 



$743,615 82 



Entire premiums collected, . 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest and dividends received from all sources 

Income from rents, ...... 

Taxes refunded, ...... 



$152,223 14 
12,922 97 



139,300 17 

40,854 17 

16,937 52 

4,765 44 



Gross cash income, . 



$945,473 12 



THE GREENWICH INSURANCE CO. 



245 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, , 



$435,846 88 
39,418 93 



,100 40 
19,122 32 



$396,427 95 



76,978 08 
20,000 00 
167,334 54 
105,111 39 
14,820 38 
92,144 31 



Gross cash expenditures, 



$872,816 65 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



$234,560,433 00 
127,628,414 00 



Premiums. 

$1,432,213 09 
964,565 83 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$362,188,847 00 
139,076,041 00 



$223,112,806 00 
19,742,140 00 



^2,396,778 92 
1,067,056 69 

11,329,722 23 
130,091 80 



$203,370,666 00 $1,199,630 43 



Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, . 



. $1,998,488 00 
. 44,503,809 00 



,850 65 
154,696 80 



Total,. 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. $46,502,297 00 
. 43,631,386 00 

. $2,870,911 00 
112,700 00 

. $2,758,211 00 



$220,547 45 

128,344 47 

$92,202 98 

3,409 79 



,793 19 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$18,349,623 00 

11,193,528 00 

413,427 00 

112,567 00 

2,128,000 00 

20,000 00 

81,875 00 



246 



HANOVER FIRE INSURANCE CO. 



"HANOVER FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April, 1852. Commenced business April, 1852.] 

Paid-up Capital, $1,000,000. 

I. REMSEN LANE, President. CHARLES L. ROE, Secretary. 



Detailed Statement of Stocks 



United States bonds, 

State of Georgia bonds, 

City of Richmond, Va., bonds, . 

Flint & Pere Marquette R.R. bonds, 

Cincinnati & Springfield R'y bonds, 

Central Railroad Co. of New Jersey bonds, 

Milwaukee and Northern R.R. bonds, 

Chicago, Milwaukee & St. Paul R'y bonds, 

Pennsylvania Company bonds, 

Flint & Pere Marquette R.R. bonds, . 

Chicago, Burlington & Quincy R.R bonds, 

N. Y., New Haven & Hart. R.R. certificates, 

Gin., Indianapolis, St. Louis & Chic. R'y bonds 

Brooklyn City R.R. bonds, 

Lehigh Valley Terminal Co. bonds, 

Chicago, Rock Island & Pacific R'y bonds, 

Atchison, Topeka & Santa Fe R'y bonds, 

Erie R.R. Co. prior lien bonds, . 

N Y., Susquehanna & Western R.R. bonds, 

Chic. Indianapolis & Louisville R'y bonds, 

Columbus & Ninth Ave. (N. Y.) R.R. bonds 

New York city water stock, 

New York city bonds, .... 

100 shares Rensselaer & Saratoga R.R., 

340 ' 

220 

210 

500 
1,000 ' 

300 

350 

191 

500 

400 
2,600 

450 

500 

100 

220 

350 



Rome, Watert'n & Ogdensb. R R., 
Chicago, Burl. & Quincy R.R., 
Chic, Rock Island & Pacific R'y, 
Chicago & Northwestern R'y, 
N Y. Cent. & Hudson River R.R. 
St. Paul, Minn. & Manitoba R'y, 
Chicago & Northwestern R'y, 
Syracuse, Bing. & N. Y. R.R., 
Cleve., Cin., Chic. & St. Louis R'y 
Lake Shore & Mich. South. R'y, 
Pennsylvania R.R. Co.,. 
Chic, Milwaukee & St. Paul R'y, 
Beech Creek Railroad Co., . 
Chicago & Alton R.R., . 
Illinois Central Railroad, 
Pittsb'gh, F't Wayne & Chi. R.R., 



and Bonds. 

Par Value. 

|73,000 00 
25,000 00 
50,000 00 
30,000 00 
19,000 00 

100,000 00 

5,000 00 

20,000 00 

36,000 00 

30,000 00 
25,000 00 
50,000 00 
25,000 00 
25,000 00 
20,000 00 
20,000 00 
55,000 00 
50,000 00 
25,000 00 
15,000 00 
10,000 00 

160,000 00 

175,000 00 
10,000 00 
34,000 00 
22,000 00 
21,000 00 
50,000 00 

100,000 00 
30,000 00 
35,000 00 
19,100 00 
50,000 00 
40,000 00 

130,000 00 
45,000 00 
25,000 00 
10,000 00 
22,000 00 
35,000 00 



Market Value. 

$80,130 00 

28,500 00 

55,500 00 

34,050 00 

20,995 50 

110,000 00 

6,100 00 

22,800 00 

40,140 00 

25,800 00 

25,375 00 

72,000 00 

25,125 00 

28,500 00 

22,300 00 

21,025 00 

49,362 50 

45,500 00 

27,000 00 

14,000 00 

12,025 00 

160,000 00 

175,000 00 

17,600 00 

41,140 00 

21,835 00 

18,873 75 

60,687 50 

106,000 00 

36,300 00 

57,050 00 

31,515 00 

40,000 00 

68,400 00 

148,850 00 

64,125 00 

24,875 00 

16,250 00 

20,130 00 

58,975 00 



HANOVER FIRE INSURANCE CO. 



247 



200 shares Erie & Pittsburgh R.R., . 

200 " Pittsb'gh, McKeesp't & Yough'y, 

150 " Morris & Essex R.R., 

7 " Chic., Ind. & Louisville R'y, . 

75 " Metropolitan National Bank, . 

150 " American Exchange Nat 1 ! Bank, 

36 " Western Nat'l Bank, New York, 

75 " The Bank of America, 

500 " Consolidated Gas Co., New York, 

550 " Western Union Telegraph Co., 



Par Value. 

$10,000 00 
10,000 00 

7,500 00 
700 00 

7,500 00 
15,000 00 

3,600 00 

7,500 00 
50,000 00 
55,000 00 



Market Value . 

$13,800 00 

13,500 00 

12,600 00 

203 00 

75 00 

25,500 00 

4,680 00 

25,500 00 

88,000 00 

50,256 25 



$1,887,900 00 $2,167,948 50 



Securities held as collateral for cash loans : — 

Brooklyn City R.R. bonds, . . . 
Flint & Pere Marquette R.R. bonds, 
20 shares Western Union Telegraph Co., 
Chic, Rock Island & Pacific R'y bonds, . 
Texas & Pacific R'y Co. bond, . 



Market Value. Loaned Thereon. 

$1,140 00^ 



1,720 00 

1,827 50 

1,051 25 

970 00 



$4,000 00 



1,500 00 



>,708 75 $5,500 00 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), 
Rents, ....... 

Due for reinsured losses paid, . . 
Preni's more than three mos. due, $4,612 76 
Gross assets, ...... 

Deduct special deposits in other States, . 



$450,000 00 

7,000 00 

29 16 

2,167,948 50 

5,500 00 

16,189 80 

83,256 92 

17,606 25 

245,899 60 

871 12 

3,155 65 



Balance, 



$2,997,457 00 
81,150 00 

$2,916,307 00 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



Liabilities. 



$105,062 58 
79,111 77 

43,042 52 

$227,216 87 
11,264 52 

$215,952 35 



* Value of lands mortgaged, . 
Value of buildings thereon, '■ 
Amount of insurance held as collateral, 



$4,500 00 

11,000 00 

7,000 00 



248 



HANOVER FIRE INSURANCE CO. 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



$1,165,983 47 

42,005 23 

i 

f 1,423,941 05 
42,787 53 



11,381,153 52 

(1,535,153 48 
1,000,000 00 

$535,153 48 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, ..... 

Net collected, ..... 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 



$177,513 46 
4,352 08 

$173,161 38 
1,796,592 61 

f 1,969,753 99 
250,512 36 

$1,719,241 63 
296,916 32 



Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . 

Interest received on mortgages, . 

Interest and dividends received from all other sources, . 

Income from rents, 



,422,325 31 

350 00 

84,019 31 

14,325 54 



Gross cash income, ........ $1,521,020 16 



EXPENDITU RES. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, . . . 

Net cash paid for fire losses, . . . , — 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



$766,850 43 
45,071 83 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$204,753,128 00 
157,078,712 00 

1361,831,840 00 
151,344,072 00 

1210,487,768 00 
9,928,828 00 



$721,778 60 

80,000 00 

259,557 94 

143,412 23 

31,916 51 

130,815 50 

1,367,480 78 



Premiums. 

$2,337,375 13 
1,796,592 61 

$4,133,967 74 
1,770,623 04 

$2,363,314 70 
107,191 87 



$200,558,940 00 $2,256,152 83 



HARTFORD FIRE INSURANCE CO. 



249 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, . 



531,803,937 00 

17,886,094 00 

793,114 00 

2,629,500 00 

80,000 00 

94,500 00 



"HARTFORD FIRE INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated May, 1810. Commenced business August, 1810.] 

Paid-up Capital, $1,250,000. 

GEORGE L. CHASE, President. P. C. ROYCE, Secretary, 



315 shares 


300 


u 


200 


u 


166 


i« 


100 


(C 


274 


It 


122 


It 


172 


it 


556 


tt 


150 


tt 


40 


tt 


467 


tt 


100 


tt 


200 


tt 


150 


tt 


100 


tt 


300 


tt 


200 


tt 


334 


tt 


225 


tt 


100 


tt 


39 


tt 


70 


tt 


125 


tt 


100 


tt 


24 


tt 


32 


tt 


109 


tt 


50 


tt 


150 


tt 


434 


tt 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

JEtna National Bank, Hartford, . S3 1,500 00 $45,675 00 

American Nat'l Bank, Hartford, . 15,000 00 21,600 00 

Charter Oak Nat'l B'k, Hartford, 20,000 00 20,000 00 

City Bank, Hartford, . . . 16,600 00 17,928 00 

Conn. River B'k'g Co., Hartford, . 3,000 00 3,500 00 

Conn.TrustandSafeDep.Co.,Ht., 27,400 00 46,580 00 

Farm. & Mech. N'l. B'k, Hartford, 12,200 00 14,030 00 

First National Bank, Hartford, . 17,200 00 19,780 00 

Hartford Nat'l Bank, Hartford, . 55,600 00 77,840 00 

Mercantile Nat'l Bank, Hartford, 7,500 00 6,000 00 

Nat'l Exchange Bank, Hartford, . 2,000 00 2,600 00 

Phoenix National Bank, Hartford, 46,700 00 58,375 00 

State Bank, Hartford, . . . 10,000 00 11,300 00 

American Ex. Nat'l Bank, N. Y., . 20,000 00 34,800 00 

Bank of America, New York, . 15,000 00 52,500 00 

Bank of North America, N. Y., . 7,000 00 9,520 00 

Imp. and Traders' N'l B'k, N. Y., 30,000 00 165,000 00 

Manhattan Co. Bank, New York, 10,000 00 22,500 00 

Merchants' National Bank, N. Y., 16,700 00 24,382 00 

Metropolitan Nat'l Bank, N. Y., . 22,500 00 1,500 00 

Nat'l Bank of Commerce, N. Y., . 10,000 00 20,800 00 

Atlantic National Bank, Boston, . 3,900 00 4,143 75 

Blackstone Nat'l Bank, Boston, . 7,000 00 5,950 00 

Boylston National Bank, Boston,. 12,500 00 14,875 00 

First National Bank, Boston, . 10,000 00 22,500 00 

Hide & Leather N'l Bank, Boston, 2,400 00 2,472 00 

Nat'l B'k of Commerce, Boston, . 3,200 00 3,360 00 

Second National Bank, Boston, . 10,900 00 19,184 00 

First National Bank, Albany, . 5,000 00 7,650 00 

Bank of Montreal, Montreal, . 30,000 00 70,500 00 

Ontario Bank, Bowmanyille, . 4,333 33 4,333 00 



250 



HARTFORD FIRE INSURANCE CO. 



710 shares Chicago, Burl. & Quincy R.R., 
770 " Chic, Milwaukee & St. Paul R.R. 
1,050 " Chicago & Northwestern R.R., 

220 " Chic , Rock Island & Pacific R.R. 
1,000 " Conn. & Passumpsic Rivers R.R, 
120 " Connecticut River Co., 
20 " Connecticut River R.R. Co., . 
500 " N. Y. Cent. & Hudson River R R. 
1,875 " N. Y., N. H. & Hartford R.R., 
500 " Northwestern Telegraph Co., 
200 " Union Pacific R R. Co., 
500 " N. Y., Lack. & Western R.R., 
Albany & Susquehanna R R. bonds, 
Alabama State bonds, .... 
Brooklyn Wharf and Warehouse Co. bonds, 
Baltimore & Ohio R.R. receiver's certificates 
Baltimore Belt R.R. bonds, 
Belt R.R. and Stock Y'ds bonds of Indianapolis 
Canadian Pacific R.R. bonds, . 
Chicago & Western Indiana R.R. bonds, . 
Chicago & Northwestern R.R. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Chicago & Great Western R.R. bonds, . 
Chicago, Milwaukee & St. Paul bonds, . 
Chicago & Erie R.R. bonds, 
Chicago, Rock Island & Pacific R.R. bonds, 
Cincinnati, Ind., St. Louis & Chic. R.R. bonds 
Cincinnati, Hamilton & Dayton R R. bonds, 
Cleveland, Cin., Chic. & St. Louis bonds, 
Cleveland, Columbus, Cin. & Ind. R.R. bonds 
Connecticut River R.R. bonds, . 
Central R.R. of New Jersey bonds, . 
Dayton & Michigan R.R. bonds, 
Detroit, Grand Rapids & Western bonds, 
Easton & Amboy R.R. bonds, . 
Georgia State bonds, .... 

Harlem River & Port Chester R.R. bonds, 
Hartford Street Railway Co. bonds, . 
Housatonic R.R. rolling stock certificates, 
Indianapolis & Vincennes R.R. bonds, 
Iowa Falls & Sioux City R.R. bonds, 
Jefferson R R. bonds, .... 
Lake Shore & Michigan Southern R.R. bonds 
Lehigh Valley R R. bonds, 
Lehigh Valley R.R. of New York bonds, 
Minneapolis Union R.R. bonds, 
Milwaukee & St. Paul R.R. bonds, . 
Montreal Corporation bonds, . 



Par Value. 

$ 7 1,000 00 

77,000 00 

105,000 00 

22,000 00 

100,000 00 

12,000 00 

2,000 00 

50,000 00 

187,500 00 

25,000 00 

20,000 00 

50,000 00 

50,000 00 

10,000 00 

150,000 00 

100,000 00 

100,000 00 

84,000 00 

48,666 00 

356,000 00 

146,000 00 

61,600 00 

43,000 00 

100,000 00 

100,000 00 

50,000 00 

119,000 00 

55,000 00 

270,000 00 

58,000 00 

1,000 00 

150,000 00 

60,000 00 

41,000 00 

150,000 00 

25,000 00 

50,000 00 

100,000 00 

100,000 00 

68,000 00 

100,000 00 

50,000 00 

110,000 00 

250,000 00 

150,000 00 

50,000 00 

63,000 00 

62,500 00 



Market Value. 

$71,000 00 
90,725 00 

135,650 00 
20,020 00 

105,000 00 

3,000 00 

5,000 00 

53,500 00 

343,125 00 
28,750 00 
5,200 00 
60.000 00 
63,750 00 
10,400 00 

150,000 00 

103,000 00 
80.000 00 

100,800 00 
58,400 00 

420,060 00 

164,400 00 
64,611 00 
47,730 00 

133,000 00 

111,000 00 
53,750 00 

142,800 00 
65,450 00 

253,000 00 

63,300 00 

1,000 00 

169,500 00 
66,000 00 
29,520 00 

165,000 00 
26,000 00 
56,000 00 

102,000 00 

102,000 00 
83,300 00 

137,500 00 
53,500 00 

133,650 00 

281,750 00 

155,250 00 
63,000 00 
64,890 00 
62,500 00 



HARTFORD FIRE INSURANCE CO. 



251 



Par Value. 

$21,100 00 
50,000 00 
50,000 00 
20,000 00 
80,000 00 
50,000 00 
50,000 00 
75,000 00 

100,000 00 
75,000 00 
50,000 00 
52,500 00 
86,000 00 
50,000 00 
75,000 00 
12,000 00 

100,000 00 



Market Value. 

$20,620 00 
57,750 00 
54,000 00 
20,400 00 
76,400 00 
55,000 00 
61,500 00 

108,750 00 

110,000 00 
87,750 00 
53,500 00 
52,500 00 

110,940 00 
57,000 00 
82,500 00 
12,000 00 

111,000 00 



$5,684,999 33 $6,724,568 75 



Market Value, Loaned Thereon. 



Minnesota State warrants, 

Milwaukee, Lake Shore & Western R.R. bonds 

Nashville and Decatur bonds, . 

New Brunswick, N. J., city bonds, . 

Northern Pacific R R. bonds, . 

N. Y. Central & Hudson River R.R. bonds, 

New York & New England R.R. bonds, . 

N. Y., New Haven & Hartford R.R. certificates, 

Pittsburgh, Cincinnati & St. Louis R.R, bonds, 

Philadelphia & Reading R.R. bonds, 

Port Reading R.R. bonds, . 

Richmond, Va , city bonds, . . . . 

St Paul & Northern Pacific R.R. bonds, , 

St. Louis & San Francisco R.R. bonds, 

Terminal R'y Association of St. Louis bonds, . 

Topeka, Kansas, Internal Imp. Sewer bonds, . 

West Shore R.R. bonds, 



Securities held as collateral for cash loans : - 

30 shares Chicago & Northwestern R.R., , 

64 " Billings & Spencer, .... 

90 " Pennsylvania R.R. Co., . 

32 " Hart. Steam Boiler & Inspection Co., 

Brooklyn Wharf & Warehouse Co bond, 

New York, New Haven & Hartford R.R., 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) , 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, . 

Cash deposited in bank, 

Interest due and accrued, 

Premiums in course of collection (gross), 
Rents, ........ 

Gross assets, 

Deduct special deposits in other States, . 

Balance, $10,629,998 64 

* Value of lands mortgaged, . ' . . . . . . $1,200,000 00 

Value of buildings thereon 2,635,075 00 

Amount of insurance held as collaterals .... 893,578 00 



$4,920 00 


$3,800 00 


2,432 00 


1,000 00 


5,130 00 ] 
2,080 00 1 




10,000 00 


1,000 00 j 




2,900 00 J 




$18,462 00 


$14,800 00 


31, 1897. 




1647,000 00 




1,554,590 00 




28,938 49 




6,724,568 75 




14,800 00 




815,769 49 




56 75 




1,234,873 72 




1,034 44 




ftl 1 A01 £Q1 RA 


qpu 


L,Uai,UUl W^C 


. 


391,633 00 



252 



HARTFORD FIRE INSURANCE CO. 



Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, .... 



$147,326 26 

290,967 85 

72,455 28 

4,789,531 24 
185,231 05 

$5,485,511 68 
189,114 40 



- $5,296,397 28 

. $5,333,601 36 
. 1,250,000 00 



Surplus over capital, . 



. $4,083,601 36 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 



Gross cash income, 



$1,200,243 34 
2,964 87 



$1,197,278 47 

7,324,876 43 

$8,522,154 90 

1,234,873 72 

$7,287,281 18 

1,575,897 61 



sources, 



^5,711,383 57 

71,498 19 

318,757 65 

6,735 35 

^6,108,374 76 



Expenditures. 

Cash paid for fire losses, . . . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 



1,510,161 64 
297,542 19 



1,212,619 45 

375,000 00 

903,621 37 

434,730 37 

127,663 34 

506,383 49 



Gross cash expenditures, 



. $5,560,018 02 



HOME INSURANCE CO. 



253 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$805,263,305 00 $9,821,107 65 
595,427,729 00 7,324,876 43 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount reinsured, 

Net amount in force, . 



$1,400,691,034 00 $17,145,984 08 
598,934,881 00 7,489,931 60 



1,756,153 00 $9,656,052 48 
5,826,471 00 76,990 00 



$795,929,682 00 $9,579,062 48 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), 
Company's stock owned by directors, .... 



$95,276,908 00 

56,038,185 00 

3,198,720 00 

8,738,100 00 

375,000 00 

186,900 00 



"HOME INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April, 1853. Commenced business April 13, 1853.] 

Paid-up Capital, $3,000,000. 

WILLIAM L. BIGELOW, 
THOMAS B. GREENE, 



DANIEL A. HEALD, President. 



Secretaries, 



Detailed Statement of Stocks and Bonds, 

Par Value. Market Value. 

United States bonds, ..... $500,000 00 $566,425 00 

District of Columbia bonds, .... 1,000,000 00 1,150,000 00 

State of Georgia bonds, ..... 25,000 00 25,000 00 

New York city bonds, ..... 605,000 00 608,025 00 

City of Richmond, Va., bonds, .... 50,000 00 50,000 00 

Topeka C*ty, Kan , internal imp. bonds, . . 33,283 19 34,281 69 

City of Greely, Col., water bonds, . . . 25,000 00 25,000 00 

West Chicago Park warrants, .... 147,500 00 147,500 00 

The Ann Arbor R.R. Co. bonds, . . . 200,000 00 167,000 00 

New York, Chicago & St. Louis R R. bonds, . 112,000 00 119,000 00 

N. Y. Central & Hudson River R.R. bonds, . 100,000 00 115,500 00 

New York & Harlem R.R. bonds, . . . 100,000 00 109,000 00 

Ohio & West Virginia Railway Co. bonds, . 100,000 00 110,000 00 

Peoria, Decatur & Evansville Railway bonds, . 90,000 00 85,500 00 

Cleve., Col., Cin. & Indianapolis R.R. bonds, . 100,000 00 130,000 00 

Louisville, New Albany & Chic. R'y Co. bonds, 100,000 00 112,000 00 

West Shore Railway bonds 100,000 00 109,000 00 

Albemarle & Chesapeake Canal Co. bonds, . 110,000 00 116,600 00 

Jeffer'ville, Madison & Indianapolis R.R. b'ds, 90,000 00 101,250 00 

Dunkirk, Warren & Pittsburgh R'y Co. bonds, 100,000 00 106,000 00 



254 



HOME INSURANCE CO. 



Chic, St Paul, Minn. & Omaha R'y Co. bonds 
Cleveland Terminal & Valley R.R. Co. bonds 
Louisville, Henderson & St Louis R'y Co. b'ds 
Virginia Midland Railway Co. bonds, 
Standard Gas Light Co. bonds, 
Des Moines Water Works Co. of Iowa bonds, 
Denver Union Water Co. bonds, 
Streator, 111., Aqueduct Co. bonds, . 
5,000 shares Morris & Essex R R , . 
3,500 " Chic., Mil. & St. Paul R'y Co., 
2,500 " United N. J. R.R. & Canal Co., 
2,500 " Pitts., Ft. Wayne & Chic. R'y Co. 
5,000 " Pennsylvania R.R. Co , . 
1,000 " Fort Wayne & Jackson R.R., 
1,000 " Chic, St. P., Minn. & Omaha R'y 
1,000 " Rensselaer & Saratoga R.R., 

200 " Lake Shore & Mich. So'n R'y Co 
1,000 " Connecticut River R'y Co., . 
1,000 " Chicago & Northwestern R.R., 
428 " New York & Harlem R.R. Co., 
763 " Standard Gas Light Co , 
400 " National Broadway Bank, . 
200 " American Ex. Nat'l Bank, N. Y., 
200 " Mercantile National Bank, N. Y 
200 " Nat'l Bank of Commerce, N. Y., 
200 " Manhattan Co., N. Y., . 
200 " Merchants' Ex. Nat'l Bank, N. Y. 
200 " Nassau Bank, 
200 " Chatham National Bank, N.Y., 
200 " Nat'l Bute & Drovers' B'k, N. Y. 
200 " Fourth National Bank, N e Y., 
100 " Bank of America, N. Y., 
100 " Hanover National Bank, N. Y., 
100 " National Bank of the Republic, 
200 " Holland Trust Co., 
200 " Franklin Trust Co., Brooklyn, 
100 " Long Island Loan and Trust Co. 
50 " Metropolitan Trust Co , 



Securities held as collateral for cash loans : — 

Northern Pacific Railway Co. bonds, 
Seattle, Lake Shore & Eastern R.R. bonds, 
Des Moines & Ft. Dodge R.R. bonds, 
460 shares National Bank of North America, . 
Des Moines & Ft. Dodge R.R. bonds, 
Portsmouth & Suffolk Water Co. of Va bonds, 
Denver Union Water Co. bonds, 



Par Value. 

$50,000 00 

50,000 00 

25,000 00 

50,000 00 

50,000 00 

50,000 00 

48,000 00 

10,000 00 

250,000 00 

350,000 00 

250,000 00 

250,000 00 

250,000 00 

100,000 00 

100,000 00 

100,000 00 

20,000 00 

100,000 00 

100,000 00 

21,400 00 

76,300 00 

10,000 00 

20,000 00 

20,000 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 

20,000 00 

20,000 00 

10,000 00 

5,000 00 



Market Value. 

$67,875 00 

39,000 00 

20,500 00 

51,750 00 

57,500 00 

37,500 00 

36,000 00 

10,000 00 

425,000 00 

451,375 00 

625,000 00 

421,250 00 

286,250 00 

126,000 00 

151,000 00 

180,000 00 

34,200 00 

250,000 00 

163,000 00 

69,550 00 

104,190 00 

22,500 00 

34,000 00 

33,600 00 

41,000 00 

23,000 00 

11,700 00 

15,000 00 

14,500 00 

5,000 00 

36,000 00 

34,000 00 

36,500 00 

15,500 00 

*16,000 00 

46,000 00 

22,500 00 

15,500 00 



1,203,483 19 $8,016,321 69 



Market Value. 

f 1,525 00 

2,000 00 

37,950 00 

43,470 00 

6,900 00 

2,500 00 

4,500 00 



Loaned Thereon. 

$1,800 00 

25,000 00 
37,800 00 

5,000 00 
3,000 00 



HOME INSURANCE CO. 



255 



37 shares Western Union Telegraph Co., 
100 " National Bank of North America, 
358 " Georgia RR.& Banking Co., . 
Dakota & Great Southern R'y Co. bonds, 
Des Moines & Ft. Dodge R.R. bonds, 
Des Moines Union Railway Co. bonds, 

11 shares National Bank of North America, 

33 " Rutgers 1 Fire Insurance Co., . 
7 " Illinois Central R.R., 
1 share United States Trust Co., . 
200 shares Chic, St. Paul, Minn. & Omaha, 

50 " National Bank of Commerce, . 
5 " Continental National Bank, . 
Iowa Falls & Sioux City R.R. bonds, 
Chic , Wisconsin & Minnesota R.R, bonds, 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liensf ) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Prem's more than three mos. due, . $1,091 37 

Gross assets, ..... 
Deduct special deposits in other States, . 



Market Value. 

$3,367 00 

9,450 00 

60,860 00 

2,270 00 

3,450 00 

1,860 00 

1.039 501 
1,051 87 f 

726 25 - 
1,136 50 j 
15,500 00 
10,250 00 
650 00 
1,275 00 ( 

2.040 00 < 



Loaned Thereon. 

$1,300 00 
6,500 00 

35,000 00 
1,250 00 

3,500 00 



3,000 00 

5,500 00 

5,500 00 

575 00 

2,000 00 



Balance, 



$213,771 12 $ 136,725 00 

31, 1897.* 

$1,744,014 55 

325,612 33 

7,766 00 

8,016,321 69 

136,725 00 

554,222 51 

49,089 34 

792,100 84 

2,295 71 

$11,628,147 97 
132,500 00 



$11,495,647 97 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



$90,293 32 

586,417 03 

51,614 70 

$728,325 05 
307,574 00 

$420,751 05 



* The company holds, also, instalment premium notes to the amount of $704,263.62, which 
do not enter into nor form any part of the assets of the company, as no portion of them is earned. 
Whatever value is attached to them would necessarily be counterbalanced by the addition of an 
amount exactly equal to the reinsurance liability, the entire sum consisting of "unearned pre- 
miums." 

f Value of lands mortgaged $513,500 00 

Value of buildings thereon 293,750 00 

Amount of insurance held as collateral, .... 199,60000 



256 



HOME INSURANCE CO. 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, . . . . . 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, ....... 

Premiums now in course of collection, ,. 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1896, 

Premiums on risks written or renewed, . 



$4,340,112 00 

35,530 78 

150,333 63 

34,149 26 

$4,980,876 72 
96,360 00 



Total 

Premiums now in course of collection, 



$871,891 58 
5,660,254 63 



f 6,532,146 21 

744,112 38 

55,788,033 83 

1,415,297 19 



$50,920 57 
310,590 45 

$361,511 02 
51,375 54 



Entire premiums collected, .... $310,135 48 
Less reinsurance and return premiums, . . 118,379 94 
Net cash marine premiums received, 
Interest received on mortgages, ..... 
Interest and dividends received from all other sources, . 
Income from rents, . . . . . . . . 

Gross cash income, . 



Expenditures. 

Cash paid for fire losses, . . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, . 

Gross cash expenditures, . 



2,699,459 67 

575,468 57 

$129,782 34 

50,376 91 



^,884,516 72 

(6,611,131 25 

3,000,000 00 

$,611,131 25 



1,372,736 64 



191,755 54 

22,730 15 

353,413 75 

163,927 34 

1,104,563 42 



,123,991 10 



79,405 43 
300,000 00 
829,582 36 
405,028 30 
103,363 51 
395,319 27 

t,236,689 97 



HOME MUTUAL INSURANCE CO. 



257 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total,. ..... 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



f964,583,275 00 
6 45,382,199 00 

$1,609,965,474 00 
643,527,150 00 

$966,438,324 00 
104,468,585 00 



Piemiums. 

$9,355,664 00 
5,660,254 63 

(15,015,918 63 
5,843,957 63 

19,171,961 00 
539,413 00 



1,969,739 00 f 8,632,548 00 



|9,981,334 00 
74,065,847 00 

f84,017,181 00 
73,227,736 00 

$10,819,445 00 
2,552,621 00 



$221,095 00 
310,590 45 

$531,685 45 
292,138 45 



$239,547 00 
53,838 00 



1,266,824 00 $185,709 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



120,302,470 00 

71,728,522 00 

2,107,449 00 

94,734 00 

10,315,000 00 

300,000 00 

115,600 00 



" HOME MUTUAL INSURANCE COMPANY, 11 SAN FRANCISCO, CAL. 

[Incorporated September, 1864. Commenced business 1864.] 

Paid-up Capital, $300,000. 

. WM. J. BUTTON, President. STEPHEN" D. IVES, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

San Bernardino Co. school district bonds, . $3,300 00 $3,300 00 

Los Angeles Co. school district bonds, . . 1,000 00 1,000 00 

Dallas City (Oregon) Water Co bonds, . . 10,000 00 10,850 00 

Market Street Cable Railway bonds, . . 31,000 00 35,030 00 

Oakland Gas Light & Heat Co. bonds, . . 5,000 00 5,550 00 



258 



HOME MUTUAL INSURANCE CO. 



Stockton Gas & Electric Co bonds, . 
Blaine County, Idaho, bonds, . 

50 shares Farm. & Merch. Savings Bank, 
100 " California Safe Dep. & Trust Co , 

20 " Bank of California, . 
200 " Oakland Gas Light & Heat Co., 

20 " First Nat'l Bank, San Francisco, 
490 " San Francisco Gas & Electric Co., . 
490 " San Francisco Gas Co., . 
270 " Market Street Railway Co., . 
1 share So. San Francisco Dock Co., 

50 shares San Jose Water Co., 



Securities held as collateral for cash loans : — 

600 shares Sutter Street R.R. Co., . 
100 " California Dry Dock Co., 
20 " Spring Valley Water Co., 
100 " Union Savings B'k, San Jose, Cal , 



Par Value. 

$5,000 00 
200 00 

5,000 00 
10,000 00 

2,000 00 
13,200 00 

2,000 00 
49,000 00 

1,470 00 
13,500 00 

1,000 00 

5,000 00 



Market Value. 

$5,100 00 

200 00 

5,500 00 

9,900 00 

4,950 00 

11,000 00 

3,800 00 

46,550 00 

1,470 00 

14,175 00 

500 00 

4,600 00 



$157,670 00 $163,475 00 



Market Value. Loaned Thereon. 



$60,000 00 
3,750 00 
1,880 00 
3,000 00 



$33,000 00 

500 00 

1,500 00 

1,500 00 



f 68,630 00 $36,500 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 

Gross assets, . . 
Deduct special deposits in other States, . 



Balance, $873,286 20 



31, 1897. 

$306,200 00 

269,266 00 

3,276 20 

163,475 00 

36,500 00 

75,508 45 

166 60 

61,781 68 

7,962 27 



$924,136 20 
50,850 00 



Liabilities. 



Losses adjusted, unpaid, . 
Losses claimed and reported, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



$3,991 95 
11,810 43 



$15,802 38 
635 00 

$15,167 38 



* Value of lands mortgaged 8 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$513,175 00 
197,250 00 
127,750 00 



HOME MUTUAL INSURANCE CO. 



259 



Unearned premiums on outstanding risks, . $246,689 90 
Commissions and brokerage, .... 10,401 87 

Reinsurance disallowed, 6,783 39 

Gross liabilities, except capital, . . $279,042 54 
Deduct liability on special deposits, . . 19,479 56 

Surplus as regards policy holders, . 
Paid-up capital, . . . 

Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, . $57,026 00 
Premiums on risks written or renewed, . . 439,525 01 

Total,. . $496,551 01 

Premiums now in course of collection, . . 56,658 75 

Entire premiums collected, .... $439,892 26 

Less reinsurance and return premiums, . . 121,828 78 
Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1896, . $17,038 33 

Premiums on risks written or renewed, . . 50,292 03 

Total, |67,330 36 

Premiums now in course of collection, . . 13,085 20 

Entire premiums collected, .... $54,245 16 

Less reinsurance and return premiums, . . 14,665 11 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Income from rents, . 

Profit on sale of securities, 

Gross cash income, . . 



Expenditures 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, . 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, . 

Gross cash expenditures, . 



5210,444 89 
67,551 93 



,703 92 
10,654 84 



$259,562 98 

$613,723 22 
300,000 00 

$313,723 22 



$318,063 48 



39,580 05 
27,747 29 
9,597 41 
11,861 90 
11,950 17 

$418,800 30 



$142,892 96 



26,049 08 

36,000 00 

63,811 55 

49,801 49 

4,031 90 

40,724 68 

$363,311 66 



260 THE HOWARD FIRE INSURANCE CO. OF BALTIMORE. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, . 

Total,. ..... 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



132,812,380 00 
32,141,771 00 



$64,954,151 00 
26,198,251 00 



,755,900 00 
3,145,255 00 



$35,610,645 00 

$721,724 00 
1,882,424 00 

$2,604,148 00 
2,018,934 00 

$585,214 00 
76,695 00 



Premiums. 

$427,952 45. 
439,525 01 



,477 46 
360,933 17 

$506,544 29 
46,510 86 

$460,033 43 

$35,805 40 
50,292 03 



097 43 

56,252 72 

$29,844 71 
4,440 73 



$508,519 00 $25,403 98 



Miscellaneous. 

Premiums received from organization of company, , . $9,689,274 00 

Losses paid from organization of company, .... 4,396,895 00 

Fire losses incurred during the 3 ear, . . . . . 143,879 00 

Marine and inland losses incurred during the year, . . 25,300 00 

Cash dividends declared from organization of company, ■. 948,500 00 

Dividends declared during the year (12 per cent.), . . 36,000 00 

Company's stock owned by directors, ..... 14,000 00 



"PRESIDENT AND DIRECTORS OF THE HOWARD FIRE INSUR- 
ANCE COMPANY OF BALTIMORE," BALTIMORE, MD. 

[Incorporated March, 1856. Commenced business June, 1856 ] 

Paid-up Capital, $200,000. 

WM. ORTWINE, President. M. LEWIN BE WES, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Baltimore city bonds, . $ 145,200 00 $151,896 00 

United States bonds, ...... 18,000 00 23,017 50 

Maryland State bonds, . 2,000 00 1,980 00 

Baltimore & Ohio R R. bonds, .... 2,000 00 2,045 00 

Louisville city bond, 5,000 00 5,750 00 

Louisville water bonds, . 5,000 00 5,200 00 

Georgia, Carolina & Nor. R.R. bonds, . . 5,000 00 4,612 50 

Cape Fear & Yadkin Valley bonds, . . 3,000 00 2,160 00 



THE HOWARD FIRE INSURANCE CO. OF BALTIMORE. 261 



Potomac Valley Railroad bonds, 
Western No. Carolina R.R. bonds, . 
Southern Railway bonds, . 
210 shares Northern Central Railway, 
625 " National Mechanics 1 Bank, 
100 " Western National Bank, . 
200 " National Bank of Commerce, 
50 " National Howard Bank, . 



Par Value. 

$6,000 00 

5,000 00 

5,000 00 

10,500 00 

6,250 00 

2,000 00 

3,000 00 

500 00 



Market Value. 

$5,400 00 

5,731 25 

4,750 00 

16,800 00 

11,406 25 

3,987 50 

3,450 00 

531 75 



$223,450 00 $248,717 75 



Securities held as collateral for cash loans : — 



Market Value. 



Loaned on company's own stock, 

Summary op Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, ..... 



31, 1897. 

$39,800 00 

6,800 00 

147 55 

248,717 75 

300 00 

500 00 

10,891 39 

2,200 00 

9,321 36 

260 00 



Loaned Thereon. 

$300 00 



$318,938 05 



Liabilities. 



Losses claimed and reported, 
Less reinsurance, 



Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 
Return premiums, . . . . . 

Reinsurance, 

Reinsurance not allowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, .... 



$15,325 21 

1,875 00 

$13,450 21 

48,736 12 

1,494 65 

1,388 50 

2,983 38 

563 44 

206 62 



68,822 92 

$250,115 13 
200,000 00 



,115 13 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral. 



$7,500 00 
7,500 00 
5,000 00 



262 THE HOWARD FIRE INSURANCE CO. OF BALTIMORE. 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 

Total,. 
Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all 

Income from rents, . 

Income from sundries, 

Gross cash income, 



$2,949 18 
101,269 01 



$104,218 19" 
9,321 36 

$94,896 83 
20,124 34 



other sources, . 



$74,772 49 

375 00 

7,447 49 

2,063 10 

375 00 

$85,033 08 



Expenditures. 

Cash paid for fire losses, ...... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, . . . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for miscellaneous, .... 

Gross cash expenditures, .... 



$22,714 00 
1,139 20 



121,574 80 

12,019 20 

18,393 85 

8,222 32 

3,876 11 

6,567 92 

,654 20 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, . . .'-'-. 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$5,160,45.4 00 

11,402,412 00 

$16,562,866 00 

5,413,773 00 

$11,149,093 00 

626,174 00 

.$10,522,919 00 



Premiums. 

$39,404 73 
101,269 01 

^140,673 74 
42,304 66 



$98,369 08 
5,701 82 

,667 26 



Miscellaneous . 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared daring the year (6 per cent.), . 

Company's stock owned by directors, .... 



:,297,153 00 

547,070 00 

33,433 00 

618,100 00 

12,000 00 

23,610 00 



THE INSURANCE CO. OF NORTH AMERICA. 



263 



"PRESIDENT AND DIRECTORS OF THE INSURANCE COMPANY 
OF NORTH AMERICA," PHILADELPHIA, PA. 

[Incorporated April 14, 1794. Commenced business 1792.] 

Paid-up Capital, $3,000,000. 

CHARLES PLATT, President. GREVILLE E. FRYER, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States government bonds, 

Boston city bonds, 

Richmond, Va., city bonds, 

Georgia State bonds, 

Baltimore city bonds, 

Toledo city bonds, 

Cincinnati city bonds, 

Belgian government bonds, 

Providence city bonds, 

City of Columbus (O.) bonds, 

City of Portland (Ore.) bonds, 

East Lincoln (111 ) bonds, 

City of Montreal bonds, . 

Brooklyn Wharf & Warehouse Co. bonds, 

Baltimore & Potomac R R. bonds, . 

Schuylkill River East Side R R. bonds, . 

Terminal Railroad Association of St. Louis, 

Lehigh Coal and Navigation Co , 

Easton & Amboy R.R. Co., 

Philadelphia & Erie R.R., 

Chicago & Western Indiana R.R. bonds, 

Northern Central Railway bonds, . 

Pitts., McKeesp't & Youghiogheny R.R., 

City of Chicago bonds, .... 

Pennsylvania R R. bonds, 

Philadelphia & Reading R R. bonds, 

North Pennsylvania R.R. bonds, 

Belvidere & Delaware R R. bonds, . 

Pennsylvania & N. Y. Canal & R.R. bonds, 

Lehigh Valley R R. bonds, 

Delaware Division Canal bonds, 

The Belt R R. and Stock Yard Co. bonds, 

Bergen County R.R. bonds, 

Car Trust of New York bonds, 

New York & Long Branch R.R. bonds, . 

Atlantic Mutual Insurance scrip, 

Philadelphia & Baltimore Central R.R , . 



Par Value. 

M 25,000 00 

112,000 00 
53,000 00 
25,000 00 

200,000 00 
1,000 00 
20,000 00 
49,000 00 
25,000 00 
25,000 00 
50,000 00 
10,000 00 

111,000 00 

30,000 00 

5,000 00 

50,000 00 

40,000 00 

5,000 00 

100,000 00 

150,000 00 
71,000 00 
15,000 00 
50,000 00 
26,000 00 

430,000 00 

350,000 00 
80,000 00 
50,000 00 
25,000 00 

200,000 00 
15,000 00 
50,000 00 
50,000 00 
18,000 00 

150,000 00 
13,780 00 

100,000 00 



Market Value. 

$142,250 00 

122,080 00 
53,000 00 
28,000 00 

196,000 00 
1,050 00 
22,600 00 
49,000 00 
26,000 00 
25,750 00 
58,000 00 
10,300 00 

122,100 00 

30,000 00 

6,100 00 

52,500 00 

43,200 00 

6,350 00 

108,000 00 

178,500 00 
74,550 00 
16,950 00 
66,000 00 
26,000 00 

526,200 00 

437,500 00 
91,050 00 
53,500 00 
30,€00 00 

238,000 00 

14,250 00 

. 60,000 00 

52,500 00 

18,540 00 

165,000 00 
13,780 00 

105,000 00 



264 



THE INSURANCE CO. OF NORTH AMERICA. 



Delaware & Chesapeake R.R. bonds, 

Steuben ville & Indiana Railroad bonds, . 

New York, Lake Erie & Western R.R. bonds, 

Terre Haute & Logan sport R.R. bonds, . 

Texas & Pacific Railwaj' bonds, 

Louisville & Nashville R.R , . 

Lehigh Coal & Navigation Co. bonds, 

West Shore R.R. bonds, . . . . . 

San Antonio & Aransas Pass. Railway bonds, 

Canada Atlantic R.R. bonds, . 

Jefferson R R. bonds, .... 

McKeesport & Belle Vernon R.R. bonds, 

Penn. & New York Canal and R.R. bonds, 

Lehigh Valley Railway Company bonds, 

Lehigh Valley Terminal Company bonds, 

Baltimore Belt R.R. bonds, 

Tioga R.R bonds, 

Philadelphia & Reading R.R. bonds, 

Cincinnati, Hamilton & Dayton R.R. bonds, 

Camden & Atlantic bonds, 

Cleveland, Lorain & Wheeling R.R. bonds 

Prospect Brewing Co. bonds, . 

Delaware River R.R. & Bridge Co. bonds, 

Northern Central Railway Bonds, 

International Navigation Co. bonds, 

Elizabeth R.R. of Austria bonds, 

Lehigh Valley R.R. bonds, 

Reading Co. & Phila. & Reading C. & I. Co. b'ds 

Chicago & Erie R.R bonds, 

Pittsburgh & Connellsville R.R. bonds, . 

Delaware County bonds, Pa , . 

Wilmington & Welden R.R. bonds. . 
100 shares Philadelphia National Bank, 
40 " Philadelphia Bourse, . 
228 " Chesapeake & Del. Canal Co., 
500 " North America Wrecking Co., 

1,500 " company's own stock, $36,760 00 



Securities held as collateral for cash loans: — 

New Jersey Consolidated Traction Co. bonds, 
50 shares Penn. Co. for Insurance on Lives, . 
100 " Lehigh Coal and Navigation Co , . 
City of Philadelphia bonds, . 
Lehigh Valley R.R. bonds, .... 



Par Value. 

$100,000 00 
200,000 00 
200,000 00 
50,000 00 
20,000 00 
63,000 00 
100,000 00 
25,000 00 
21,000 00 
20,000 00 
38,000 00 
20,000 00 
50,000 00 
50,000 00 
40,000 00 
30,000 00 
5,000 00 
200,000 00 
50,000 00 
50,000 00 
50,000 00 
25,000 00 
50,000 00 
10,000 00 
50,000 00 
40,01)0 00 
50,000 00 
25,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
10,000 00 
2,000 00 
11,400 00 
29,000 00 



Market Value. 

$95,000 00 
220,000 00 
226,000 00 
47,500 00 
21,600 00 
71,190 00 
104,000 00 
27,750 00 
12,600 00 
16,000 00 
39,900 00 
25,400 00 
46,000 00 
51,000 00 
43,600 00 
24,000 00 
5,250 00 
204,000 00 
52,500 00 
52,500 00 
50,000 00 
25,000 00 
53,000 00 
10,600 00 
52,500 00 
40,000 00 
50,000 00 
21,500 00 
55,500 00 
52,000 00 
51,500 00 
51,000 00 
20,000 00 
200 00 
250 00 
29,000 00 



1,764,180 00 |5,220,440 00 



Market Value. Loaned Thereon. 



$9,925 00 

25,000 00 

4,150 00 

8,470 00 

2,670 00 



$5,000 00 
20,000 00 

10,000 00 



$50,215 00 $35,000 00 



THE INSURANCE CO. OF NORTH AMERICA. 



205 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest clue or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Gross assets, ..... 
Deduct special deposits in other States, . 



31, 1897. 

$540,936 99 

2,386,743 49 

51,526 90 

5,220,440 00 

35,000 00 

• 779,947 15 

854,681 64 

62,350 08 



»,931,626 25 
261,100 00 



Balance, . . ... . . . . . $9,670,526 25 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . . . 
disputed or resisted, 

Total amount of losses, . . 

Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Commissions and brokerage, . 
Reinsurance, ...... 

Reinsurance disallowed, . - . 

Book debts, . . . . . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, . . . . 

Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



5,507 62 
417,860 33 
42,702 05 

$549,070 00 
126,135 00 

$422,935 00 

3,221,499 25 

780,559 51 

34,000 00 

42 248 68 

7,865 00 

643 41 

}1,5Q9,750 85 
131,410 33 



$578,407 28 
4,669,973 56 

^5,248,380 84 
561,844 89 

54,686,535 95 
831,758 19 



4,378,310 52 

^5,292,185 73 

3,000,000 00 



!,292,185 73 



$3,854,777 76 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



. $6,053,442 00 
. 2,212,870 00 



266 



THE INSURANCE CO. OF NORTH AMERICA. 



Marine premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Deposits received for perpetual fire risks, 

Gross cash income, .... 



$294,807 96 
2,206,837 68 

$2,501,645 64 
355,186 83 

$2,146,458 81 
551,106 55 



sources, . 

$17,772 01 



$1,595,352 26 
131,300 70 
245,502 76 

$5,826,933 48 



Expenditures. 

Cash paid for fire losses $2,089,829 52 

Deduct salvage and reinsurance, . . . 99,669 46 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . . $1,934,890 14 
Deduct salvage and reinsurance, . . . 506,613 84 

Net cash paid for marine and inland losses, . 

Cash dividends paid, ...... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, . 

for State and local taxes, 

for miscellaneous, ..... 
Deposits returned on perpetual fire risks, . $18,816 60 



$1,990,160 06 



Gross cash expenditures, . 



1,428,276 30 
360,000 00 

1,019,223 46 
286,750 51 
123,346 69 
316,350 69 

. $5,524,107 71 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$612,000,588 00 
618,132,876 00 

$1,230,133,464 00 
596,693,294 00 

$633,440,170 00 
18,331,519 00 

$615,108,651 00 



Premiums. 

>6,024,852 12 
4,669,973 56 



$10,694,825 68 
4,647,266 89 



1,047,558 79 
181,989 82 



Perpetual risks in force (not incl'd above), $34,049,227 00 



Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, 



$41,898,256 00 
379,029,726 00 



£5,8b5,568 97 

$857,723 22 

$244,159 00 
2,206,837 68 



$420,927,982 00 
415,659,105 00 



^2,450,996 68 
2,197,484 35 



$5,268,877 00 $253,512 33 



INSURANCE CO. OF THE STATE OF NEW YORK. 



267 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, . . 



$132,225,884 00 
92,226,692 00 
2,007,138 00 
1,485,576 00 
14,013,934 00 
360,000 00 
258,450 00 



"INSURANCE COMPANY OF THE STATE OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated Feb. 1, 1895. Commenced business Dec. 29, 1596.] 

Paid-up Capital, $200,000. 

FRANCIS HENDRICKS, President. WM. COWIE, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, . . , . . 
Long Dock Co. bonds, .... 
West Shore R.R. Co. bonds, 
Cincinnati, Dayton & Ironton R R. Co bonds 
Lehigh Valley Terminal R'y Co. bonds, . 
Iowa P'alls & Sioux City R.R. Co. bonds, 
Wabash R R. Co. bonds, .... 
Lehigh Valley R'y Co. bonds, . 
Knoxville & Ohio R'y Co. bonds, 
Chicago & West Indiana R R. Co bonds, 
Lou , New Albany & Chicago R.R. Co. bonds, 
Atch., Topeka & Santa Fe R'y Co. bonds, 
Oregon Short Line R'y Co. bonds, . 



Par Value. 

$175,000 00 
20,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 

5,000 00 
10,000 00 

6,000 00 
10,000 00 
20,000 00 
20,000 00 



Market Value. 

$200,375 00 
27,500 00 
21,850 00 
11,125 00 
11,150 00 
13,300 00 
10,775 00 

5,087 50 
11,400 00 

7,200 00 
11,200 00 
17,950 00 
24,750 00 



$326,000 00 |373,662 50 



Summary of Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens*), $25,000 00 

Interest due or accrued thereon, . . . 208 33 

Stocks and bonds, as per schedule, . . . 373,662 50 

Cash deposited in bank, 63,442 27 

Interest due and accrued, 375 00 

Premiums in course of collection (gross), . 69,556 83 

Gross assets, 



$532,244 93 



* Value of lands mortgaged, . . . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$25,000 00 
25,000 00 
20,000 00 



268 



INSURANCE CO. OF THE STATE OF NEW YORK. 



Liabilities. 



Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . 

Surplus over capital, . 



risks, 



$98,306 62 

2,750 00 

i 10 1,056 62 

33,000 00 



$,056 62 

176,070 45 

22,258 18 

5,137 08 



$271,522 33 

$260,722 60 
200,000 00 



,722 60 



Income. 

Premiums on risks written or renewed, . . $ 7 19,835 90 
Premiums now in course of collection, . . 69,556 83 

Entire premiums collected, .... $650,279 07 

Less reinsurance and return premiums, . . 166,044 26 

Net cash lire premiums received, . . . 

Premiums on risks written or renewed, . . $56,844 21 

Less reinsurance and return premiums, . . 12,177 70 

Net cash marine premiums received, . . — ■ 

Interest received on mortgages, . . 

Interest and dividends received from all other sources, . 

Gross cash income, , . 



$184,234 81 



44,666 51 

1,250 00 

18,572 75 

$548,724 07 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, . . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



,201 72 
14,441 95 

$16,643 55 
11,190 00 



$231,759 77 



5,453 55 

10,000 00 

84,431 82 

2,067 70 

250 00 

989 04 



Gross cash expenditures, 



$331,951 88 



INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 269 



Risks and Premiums. 



Fire risks written during 1897, 
Deduct risks expired and terminated, 

In force at end of year, , . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1897, . 
Deduct risks expired and terminated, 

In force at end of jenv, 



181,269,151 00 

55,392,273 00 

$25,876,878 00 

1,770,163 00 



Premiums. 

1719,835 90 
403,588 84 

|316,217 06 
14,617 00 



14,106,715 00 $301,630 06 



$1,705,700 00 
16,125 00 



$56,844 21 
33,861 39 



$1,689,575 00 f 22,982 82 



Miscellaneous. 

Premiums received from organization of company, . . $528,901 00 

Losses paid from organization of company, .... 237,213 00 

Fire losses incurred during the year, ...... 281,816 00 

Marine and inland losses incurred during the year, . . 23,453 00 

Cash dividends declared from organization of company, . 10,000 00 

Dividends declared during the year (5 per cent.), . . . 10,000 00 

Company's stock owned by directors, 116,800 00 



"INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA," 

PHILADELPHIA, PA. 

[Incorporated April 18, 1794. Commenced business Nov. 5, 1794.] 

Paid-up Capital, $200,000. 

GEO. Q. CROWELL, President. A. B. EARLE, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

80 shares United New Jersey R.R. & Canal Co., $ 8,000 00 $20,000 00 

20 " Philadelphia National Bank, . . 2,000 00 4,000 00 

Harrisburg,' Portsmouth & Mt. Joy R R. bonds, 15,000 00 15,950 00 

Car Trust of New York bonds, . . . 2,000 00 2,120 00 

Chicago & W. Indiana R.R. bonds, . . . 7,000 00 7,350 00 

Shamokin, Sun bury & L. R.R. bonds, . . 10,000 00 10,100 00 

Terre Haute & Logansport R.R. bonds, . . 20,000 00 18,000 00 

Steubenville & Indiana R.R. bonds,, . . 30,000 00 33,500 00 

Long Dock Co. bonds, ..... 10,000 00 13,700 00 

Pittsburg Junction R.R. Co. bonds, . . . 10,000 00 11,800 00 

St. Paul & Northern Pacific R.R. bonds, . . 10,000 00 12,800 00 

Sunbury, H. & Wilkesbarre R.R. bonds, . . 4,000 00 4,210 00 

Northern Central R.R. bonds, .... 10,000 00 10,900 00 

City of Quincy bonds, „ 10,000 00 10,300 00 

Wabash R.R. Co. bonds, ..... 14,00000 11,23500 

Syracuse, Geneva & Cor. R.R. bonds, . . 6,000 00 6,350 00 



$168,000 00 $192,345 00 



270 INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank and with managers, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, .... 
Prem's more than three mos due, f 7,571 90 
Gross assets, 



31, 1897. 

1349,019 37 

47,600 00 

1,015 81 

192,345 00 

858 84 

94,444 68 

120 00 

42,907 08 

1,963 25 

4,632 67 



$734,906 70 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Gross liabilities, except capital, 

Surplus as regards polic} T holders, . 
Paid-up capital, ..... 

Surplus over capital, .... 



$2,647 76 

23,720 24 

1,875 00 

172,861 95 

215,859 92 



416,964 87 

$317,941 83 

200,000 00 

$117,941 83 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total,. 

Premiums now in course of collection, . 

Entire premiums collected, . . 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, . . . 

Income from all other sources, 

Deposits received for perpetual fire risks, 

Gross cash income, .... 



$43,701 02 




356,504 77 




. $400,205 79 


• 


50,478 98 




. $349,726 81 




90,787 47 




— 


$258,939 34 


. 


2,155 30 


r sources, . 


7,689 05 


. 


21,924 33 


< . • . 


521 64 


$16,782 75 




. 


$291,229 66 


$86,500 00 


39,300 00 



* Total value of property mortgaged, . 
Amount of insurance held as collateral, 



THE LINCOLN FIRE INSURANCE CO. OF NEW YORK. 271 



Expenditures. 

Cash paid for fire losses, ..... $147,775 86 
Deduct salvage and reinsurance, . . . 20,161 24 

Net cash paid for fire losses, . $ 127,614 62 

Cash dividends paid, 10,000 00 

Cash paid for commissions and brokerage, . 65,325 84 

for salaries of officers and employees, . . . 16,175 00 

for State and local taxes, 10,053 01 

for rent, . . . . . . . . . 5,000 00 

for incidentals, 32,107 81 

Deposits returned on perpetual fire risks, . $9,379 72 

Gross cash expenditures, ....... $266,276 28 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



. $33,155,136 00 
. 28,533,272 00 



Total, . $61,688,408 00 

Deduct risks expired and terminated, . . 30,084,021 00 



In force at end of year, 
Deduct amount reinsured, 



.$31,604,387 00 
. 5,309,738 00 



Net amount in force, ..... $26,294,649 00 
Perpetual risks in force (not incl'd above), . $7,178,167 00 



Premiums. 

$425,105 67 
356,504 77 



1,610 44 
383,201 47 

$398,408 97 
59,979 04 

$338,429 93 

$239,844 36 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (5 per cent.), . 

Company's stock owned by directors, . 



21,617 


710 


00 


16,917 


,173 


00 


142 


152 


00 


4,291 


406 


00 


10 


000 


00 


29 


000 


00 



"THE LINCOLN FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated Sept. 4, 1897. Commenced business Sept. 25, 1897.] 

Paid-up Capital, $200,000. 

O. E. VON AU, President. A. RASINES, Secretary. 



Detailed Statement of Stocks and Bonds. 
United States bonds, , , . , 



Par Value. Market Value. 

( 000 00 $112,750 00 



272 THE LINCOLN FIRE INSURANCE CO. OF NEW YORK. 



Summary of Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens*), $50,000 00 

Stocks and bonds, as per schedule, . . . 112,750 00 

Cash in the office of the company, . „ . 23,210 95 

Cash deposited in bank, ..... 51,450 78 

Interest due and accrued, . . . . . 1,350 37 
Premiums in course of collection (gross), to 

amount of unearned premiums, . „ . 108,193 34 

Gross assets, ...... — ; 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Impairment of capital, 

Income. 

Premiums on risks written or renewed, . 
Premiums now in course of collection, . 

Entire premiums collected, .... 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Received for calls on capital, . 

Received for increased capital, 

Gross cash income, .... 



121,275 00 

108,193 34 

17,690 70 



|250,914 G5 
168,694 68 



$82,219 97 
31,705 94 



$200,000 00 
30,000 00 



$346,985 44 



150,159 04 

M 96,826 40 

200,000 00 

$3,173 60 



$50,514 03 
352 20 



,866 23 



Expenditures. 

Cash paid for fire losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, .... 

Gross cash expenditures, . . 



$2,816 89 

15,154 20 

666 66 

765 50 

24,021 25 

$43,424 50 



Risks and Premiums. 

Premiums. 

Fire risks written during 1897, . . . $37,205,045 00 $250,914 65 
Deduct risks expired and terminated, . . 2,248,118 00 34,527 97 



In force at end of year, 



.$34,956,927 00 $216,386 68 



* Total value of property mortgaged, 



$359,300 00 



LUMBERMEN S INSURANCE CO. 



273 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$50,514 00 

2,817 00 

27,092 00 

60,800 00 



"LUMBERMEN'S INSURANCE COMPANY," PHILADELPHIA, PA. 

[Incorporated June 2, 1873. Commenced business Dec. 11, 1873.] 

Paid-up Capital, $250,000. 

LEWIS DAVIS, President. OLIVER H. HILL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Susquehanna Coal Co. bonds, .... $12,000 00 $14,160 00 

Shamokin Valley & Pottsville R.R. bonds, . 7,000 00 7,700 00 

Steubenville & Indiana R R. bonds, . . . 15,000 00 16,800 00 

Richmond & Danville R R. Co. bonds, . . 5,000 00 6,200 00 

Reading Co. & Phila. & Reading C. & I. Co b'ds, 5,000 00 4,300 00 

Summit Branch R.R. Co. bonds, . . . 10,000 00 10,000 00 

Camden & Atlantic R.R. Co. bonds, . . 10,000 00 10,800 00 

Mortgage Trust Co. of Pa. debentures, . . 18,000 00 12,690 00 

Lehigh Valley R.R. Co. bonds, . . . 10,000 00 13,400 00 

Car Trust of N. Y. bonds, .... 2,000 00 2,040 00 

West Jersey R.R. Co. bonds, .... 3,000 00 3,150 00 

Chicago, St. Louis & Pittsburgh R.R. Co. b'ds, 10,000 00 11,800 00 

Master Builders' Exchange bonds, ... 10,000 00 10,125 00 

Car Trust of N. Y. bonds, ...*.. 9,000 00 8,820 00 

West Jersey R.R. Co. bonds, .... 26,00000 31,20000 

Sunbury, Hazleton & Wilkesbarre R.R. b'ds, . 8,000 00 8,400 00 

Shamokin, Sunbury & Lewisburg R.R bonds, 10,000 00 10,300 00 

Pennsylvania Steel Co. bonds, .... 10,000 00 9,500 00 

Lehigh Valley R.R. Co. bonds, . . . 10,000 00 12,400 00 

Texas & Pacific R.R. Co. bonds, . . . 11,000 00 10,725 00 

Ohio River R.R. Co. bonds, .... 5,000 00 5,250 00 

Cin., Richmond & Fort Wayne R.R. Co. bonds, 30,000 00 36,600 00 

Cambria & Clearfield R.R. Co. bonds, . . 12,000 00 12,000 00 

Duluth Street Railway Co. bonds, . . . 20,000 00 20,500 00 

St. Louis Merchants' Bridge Co. bonds, . . 20,000 00 21,200 00 

Minneapolis General Electric Co. bonds, . 20,000 00 20,600 00 

Electric R'y Light & Power Co., Sedalia, b'ds, 8,000 00 8,200 00 

Broadway & Seventh Ave. R.R. Co. bonds, . 10,000 00 12,000 00 

Hartman General Electric Co., Duluth, bonds, 10,000 00 10,250 00 

Superior Water, Light & Power Co. bonds, . 10,000 00 10,100 00 

St. Paul Gas Light Co. bonds, .... 10,000 00 8,000 00 

Lehigh Traction Co. bonds, .... 15,000 00 13,500 00 

Piedmont & Cumberland Railway Co. bonds, . 10,000 00 10,400 00 



274 



LUMBERMEN S INSURANCE CO. 



S3Tacuso & East Side Railway Co bonds, 

Detroit & Mackinac Railway Co. bonds, . 

Grand Rapids Gas Light Co. bonds, 

Gen., W'loo, Sen. Falls & Cay. Lake Tr. Co., . 

Passaic Lighting Co. bonds, . 

Phila. & Heading Coal & Iron Co. certificates, 

Lehigh Valley R.R. Co. Car Trust, . 

Pittsburgh & Connellsville R.R Co. bonds, 

Baltimore Traction Co. Collateral Trust Loan, 

Township of Upper Darby bonds, . 

City of Duluth refunding bond, 

St L. Terminal, Cupples St'n & Prop. Co. b'ds, 

St. Joseph Gas Co. bonds, 

68 shares Lehigh Traction Co , 

80 " Grand Rapids Gas Light Co., . 

50 " Passaic Lighting Co , 
100 " Grand Rapids & Indiana R'y Co., 

46 " Bucking. Ap"t House Co., St. Paul, 

50 " St. Joseph Gas Co , . 



Securities held as collateral for cash loans : - 

45 shares 13th & 15th Street Pass. R'y Co., . 

Pittsburgh, Cincinnati & St. Louis R.R. bonds, 
60 shares Citizens' Passenger R. W. Co , 
17 " Jefferson Fire Insurance Co , . 

206 " Consolidation K'l Bank of Phila , . 



Par Value. 

$10,000 00 

5,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

11,000 00 

15,000 00 

15,000 00 

10,000 00 

6,800 00 

4,000 00 

5,000 00 

10,000 00 

4,600 00 

5,000 00 



Market Value. 

$9,800 00 

3,000 00 

9,800 00 

9,500 00 

9,500 00 

10,600 00 

10,200 00 

10,500 00 

10,250 00 

11,660 00 

15,900 00 

15,000 00 

8,800 00 

1,020 00 

2,960 00 

1,250 00 

500 00 

3,600 00 

1,800 00 



$552,400 00 |518,750 00 



Market Value. Loaned Thereon. 



il 1,700 00 
8,720 00 

17,100 00 
2,125 00 

12,360 00 



$5,000 00 
8,000 00 
2,800 00 
1,500 00 

10,000 00 



$52,005 00 $27,300 00 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Rents due, 

Ground rent, ...... 

Gross assets, ..... 



$107,500 00 

433,968 97 

8,745 56 

548,750 00 

27,300 00 

290 81 

26,993 25 

327 41 

37,845 05 

797 25 

1,000 00 



,193,518 30 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$400,000 00 
553,500 00 
426,750 00 



LUMBERMEN S INSURANCE CO. 



275 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risk 
Reclaimable on perpetual fire policies, 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Incidentals, ..... 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 



$3,769 28 

19,269 52 

4,718 15 

$27,756 95 
1,419 72 



>,337 23 
134,770 06 
232,894 49 
1,788 83 
7,260 57 
8,629 34 
1,326 51 
4,186 22 



- $417,193 25 

. $776,325 05 
250,000 00 

. $526,325 05 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from all other sources, 

Deposits received for perpetual fire risks, 



$36,724 46 
214,026 25 

$250,750 71 
37,845 05 



$212,905 66 
51,147 16 



sources, 



$161,758 50 

22,962 35 

27,343 54 

2,417 71 

558 77 



,243 17 



Gross cash income, 



115,040 87 



Expenditures. 



Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, 



,512 77 
9,912 40 



$73,600 37 
25,000 00 



276 



MANHATTAN FIKE INSURANCE CO. 



Cash paid for commissions and brokerage, . • .- . . f 39,130 93 

for salaries of officers and employees, . . . 12,937 00 

for State and local taxes, 5,188 88 

for incidentals, ....... 9,506 60 

Deposits returned on perpetual lire risks, . $7,183 35 

Gross cash expenditures, f 165,363 78 

Risks and Premiums. 



. $50,295,966 
. 22,195,488 



. $28,100,478 
. 1,527,958 



Fire risks outstanding Dec. 31, 1896, . . $26,701,383 
Fire risks' written during 1897, . . . 23,594,583 

Total,. ..... 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, $26,572,520 

Perpetual risks in force (not incl'd above) , . $9,482,769 

Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, 



Premiums. 

00 $264,500 13 
00 214,026 25 



00 $478,526 38 
00 211,317 30 



00 $267,209 08 
00 15,690 37 



00 $251,518 71 
00 $258,771 65 



$2,151,148 00 

1,086,600 00 

84,256 00 

363,000 00 

25,000 00 

75,675 00 



"MANHATTAN FIRE INSURANCE COMPANY OF THE CITY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated Feb. 1, 1869. Commenced business June 19, 1882.] 

Paid-up Capital, $250,000. 

PHILANDER B. ARMSTRONG, President. H. F. NEEFUS, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

280 shares Mercantile National Bank, . . $28,000 00 $17,040 00 

117 " Importers' & Traders 1 Nat'l Bank, . 11,700 00 60,840 00 
200 " Citizens 1 National Bank, . . 5,000 00 6,250 00 

118 " Columbia Bank, .... 11,800 00 17,700 00 
15 " National Park Bank, , . . 1,500 00 3,975 00 

United States bonds, ..... 50,000 00 64,500 00 

District of Columbia bonds, .... 100,00000 118,00000 

Chicago, Rock Island- & Pacific R.R. bonds, . 25,000 00 33,500 00 

Chicago & Northwestern Railroad bonds, . 16,000 00 18,660 00 

Virginia Midland R.R. bonds, .... 10,000 00 10,300 00 

Canada Southern bonds, ..... 10,000 00 11,250 00 

West Shore R.R. bonds, 20,000 00 22,200 00 



MANHATTAN FIRE INSURANCE CO. 



277 



C. M. & St. Paul R.R. bonds, . 

New England R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

St. Paul, Minn. & Manitoba R.R. bonds, . 

Hannibal & St. Joseph bonds, . 

R. W. & Ogdensburg R.R. bonds, . 

Columbus & 9th Avenue bonds, 

Lexington Ave. & Pavonia Ferry bonds, . 

Mohawk & Malone R.R. bonds, 

Illinois Central R.R. bonds, 

Consolidated stock of city of N. Y., . 

Fire Association of New York stock, 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Premiums in course of collection (gross) 

Gross assets, .... 
Deduct special deposits in other States, 



Par Value. 

$6,000 00 
10,000 00 
39,000 00 
20,000 00 
1,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 
20,000 00 
60,000 00 
10,000 00 



Market Value. 

$6,900 00 

12,800 00 

39,765 00 

21,650 00 

1,210 00 

24,225 00 

12,100 00 

12,100 00 

10,300 00 

20,300 00 

64,950 00 

600 00 



Balance, 



$505,000 00 $641,115 00 

31, 1897. 

$641,115 00 
223 70 

37,108 90 
106,843 50 

— $785,291 10 

49,950 00 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 
Interest due or accrued on scrip, 
All other interest due, 
Due for borrowed money, 
State and local taxes, 
Commissions and brokerage, 
Reinsurance, 
Miscellaneous, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, .... 

Scrip outstanding, not ordered to be redeemed, 



|735,341 10 



$15,223 60 
67,265 53 
10,222 42 

$92,711 55 
9,379 74 



13,331 81 

595 78 

11,001 70 

100,000 00 

5,559 28 

35,614 50 

104,520 10 

16,697 54 

$357,320 71 
2,006 15 



$250,000 00 
323,063 00 



355,314 5Q 



$380,026 54 



573,063 00 



Impairment of scrip, $193,036 46 



278 



MANHATTAN FIRE INSURANCE CO. 



Income. 
Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 
Income from all other sources, 

Profit on sales of bonds, 

Received for increased capital, 

Gross cash income, . . 

Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for redemption of scrip, . 

Interest paid scrip holders, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent, 

for incidentals, 

Loss on sales of bonds and ledger assets, 

Gross cash expenditures, .... 



$113,919 21 

798,106 80 

f912,026 01 

106,843 50 



$805,182 51 
338,353 96 



$25,000 00 



|405,381 55 
22,681 58 



$466,828 55 

22,978 00 

54 67 

9,343 13 

$499,204 35 



$382,699 97 

28,423 07 

42 40 

5,476 81 

103,935 03 

87,671 54 

20,092 22 

9,473 54 

56,431 77 

8,333 30 

$702,579 65 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total 

Deduct risks expired and terminated, 

In force at end of year, 

Deduct amount reinsured, 



.$40,962,041 00 

. 54,120,849 00 

. $95,082,890 00 

. 62,435,019 00 

. $ 32,647,871 00 

. $32,647,871 00 



Premiums. 

$585,384 86 
798,106 80 

1,383,491 66 
878,340 87 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 
Company's stock owned by directors, . 



$505,150 79 
$505,150 79 



,195,631 00 
6,672,672 00 
367,619 00 
854,081 00 
28,423 07 
124,400 00 



THE MANUFACTURERS' AND MERCHANTS' INSURANCE CO. 279 



"THE MANUFACTURERS' AND MERCHANTS' INSURANCE COM- 
PANY," PITTSBURGH, PA. 

[Incorporated Feb. 28, 1865. Commenced business May 1, 1865.] 

Paid-up Capital, $250,000. 

JOHN W. CHALFANT, President. t WM. T. ADAIR, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Pittsburgh & Western Railway Co. stock, . f 5,000 00 $250 00 

Pittsburgh & Western Railway Co. bonds, . 10,000 00 7,700 00 

Pitts., Allegh'y & Manchester Trac. Co. bonds, 20,000 00 22,400 00 

Allegheny County Light Co. bonds, . . . 15,000 00 10,125 00 

Braddock & Turtle Creek Street R'y bonds, . 10,000 00 10,650 00 

Borough of Etna, Pa., bonds, .... 10,000 00 10,000 00 

Wheeling Railway Co. bonds, . . . . 11,000 00 11,550 00 

Pittsburgh Plate Glass Co. bonds, . . . 30,000 00 30,300 00 

Westinghouse Machine Co. bonds, . . . 30,000 00 30,150 00 

H. C. Frick Coke Co. bonds, .... 10,000 00 10,000 00 

Oliver Coke & Furnace Co bonds, . . . 19,000 00 19,380 00 

Pitts., Shenango & Lake Erie R.R. bonds, . 20,000 00 20,300 00 



$190,000 00 $188,805 00 



Securities held as collateral for cash loans : — 

Monongahela National Bank stock, . 
Westinghouse Brake Co. stock, 
Central Connellsville Coke Co. bonds, 



Market Value. 

$825 00 
3,825 00 
3,060 00 

$7,710 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 

All other assets, 

Prem's more than three mos. due, . $1,074 22 
Gross assets, 



31, 1897. 

$45,000 00 

281,381 67 

4,899 52 

188,805 00 

5,400 00 

1,089 71 

30,263 41 

6 56 

39,962 58 

220 85 

911 00 



Loaned Thereon. 

$400 00 
3,000 00 
2,000 00 

$5,400 00 



$597,940 30 



* Value of lands mortgaged $379,050 00 

Value of buildings thereon, 392,100 00 

Amount of insurance held as collateral, .... 286,450 00 



280 THE manufacturers' and merchants' INSURANCE CO. 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Reinsurance, etc., 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



f 3,694 69 
20,530 27 



24,224 96 
262 41 



$23,962 55 




180,411 50 




9,561 58 




1,439 22 




3 14 




_ __ 


$215,377 99 



$382,562 31 
250,000 00 



Surplus oyer capital, $132,562 31 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 



Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Income from rents, .... 



Gross cash income, 



|31,089 98 
85 59 



$31,004 39 
293,051 44 

$324,055 83 
41,036 80 

$283,019 03 
60,130 78 



$222,888 25 

17,314 38 

10,163 26 

1,862 52 

$252,228 41 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$103,904 32 

15,000 00 

63,815 88 

9,513 37 

6,772 05 

10,288 10 



Gross cash expenditures, 



$209,293 72 



THE MECHANICS INSURANCE CO. 



281 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, . . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



,|25,216,819 00 
. 25,181,246 00 



.$50,398,065 00 
. 19,945,272 00 



. $50,452,793 00 
. 1,368,623 00 



rremiums. 

$307,700 80 
293,051 44 

$600,752 24 
243,179 31 

$357,572 93 
17,409 54 



.$29,084,170 00 $340,163 39 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$3,499,230 00 

1,448,892 00 

117,782 00 

540,000 00 

15,000 00 

59,250 00 



"THE MECHANICS' INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 13, 1854. Commenced business May 4, 1854.] 

Paid-up Capital, $250,000. 

SIMON J. MARTIN, President. JOHN A. SNYDER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Phila., Wilmington & Baltimore R.R. bonds, . $5,000 00 $5,145 00 

Union Passenger Railway bonds, . . . * 20,000 00 22,000 00 

Lombard & South Streets Pass. Railway bonds, 20,000 00 20,400 00 

Steubenville & Indiana R.R. bonds, . . 25,000 00 26,875 00 

Borough of Clifton Heights, Pa., bond, . . 3,000 00 3,000 00 

Schuylkill River East Side R.R. bonds, . . 30,000 00 31,350 00 

City of St. Louis bonds, ..... 10,000 00 10,000 > 

Northern Pacific Terminal bonds, . . . 10,000 00 10,300 00 

Philadelphia & Erie R.R. bonds, . . ' . 28,000 00 29,960 00 

North Pennsylvania R.R. bonds, . . . 11,000 00 12,210 00 

Catawissa R.R. bonds, . . . . . 9,000 00 9,517 50 

The Toledo Electric Street Pass. R'y bonds, . 10,000 00 9,900 00 

United States bonds, 5,000 00 6,400 00 

Consolidated Traction Co. of N. J. bonds, . 10,000 00 9,887 50 

Second Ave. Traction Co., Pittsburgh, bonds, . 10,000 00 10,725 00 

Terminal R.R Association of St. Louis bonds, 10,000 00 10,700 00 

Commonwealth of Pennsylvania bond, . . 5,000 00 5,000 00 

City of Altoona, Pa., bonds, .... 10,000 00 10,000 00 

Lehigh Valley R.R. bonds, .... 10,000 00 10,000 00 

City of Philadelphia bonds, .... 20,000 00 21,400 00 



282 



THE MECHANICS INSURANCE CO. 



Pittsburgh, Cin , Chic. & St. Louis R.R. bonds, 

Allegheny Valley R.R. bonds, . 

Phila., Wil. & Bait. R.R. stock trust certificates, 

200 shares Fair. Park & Haddington Pass. R'y, 

100 " Union Passenger Railway, 
30 " 13th & 15th Streets Pass. Railway, 
20 " 2d & 3d Streets Pass. Railway, 

700 " Philadelphia Traction Co., 

15-1 " Union Traction Co., 



Securities held as collateral for cash loans : 

165 shares Hannis Distilling Co , 
43 " Bethlehem Iron Co., 
200 " Phila. & Reading Railway Co., 
100 " Philadelphia Traction Co., 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company-, . 
Cash deposited in bank, . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Perpetual premiums in course of collection, 
Gross assets, . . 

Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 
Return premiums, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . 



Par Value. 

} 10,000 00 

5,000 00 

10,000 00 

10,000 00 

5,000 00 

1,500 00 

1,000 00 

35,000 00 

1,925 00 



Market Value. 

$10,925 00 

6,362 50 

10,600 00 

12,000 00 

22,525 00 

7,890 00 

5,080 00 

54,775 00 

1,848 00 



|340,425 00 $406,775 50 



Market Value. Loaned Thereon. 



$16,500 00- 
2,795 00 
2,225 00. 

7,825 00 



$12,500 00 
3,000 00 



$29,345 00 $15,500 00 

31, 1897. 

$80,000 00 

348,085 00 

5,604 49 

406,775 50 

15,500 00 

409 74 

31,102 91 

3,580 81 

41,891 40 

4,339 50 

$937,289 35 



Surplus over capital, . 



$4,735 77 

17,462 50 

6,117 57 

131,438 02 

241,385 08 

1 00 

10,591 94 

8,128 72 



419,860 60 

$517,428 75 
250,000 00 

$267,428 75 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$294,300 00 
409,200 00 
310,750 00 



THE MECHANICS INSURANCE CO. 



2#3 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $43,502 84 
Premiums on risks written or renewed, . . 266,484 68 

Total, $309,987 52 

Premiums now in course of collection, . . 41,891 40 

Entire premiums collected, .... ,$268,096 12 

Less reinsurance and return premiums, . . 52,062 28 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from transfers and surveys, 

Deposits received for perpetual fire risks 

Gross cash income, .... 

Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

for repairs on real estate, 
Deposits returned on perpetual fire risks, 

Gross cash expenditures, . 





$216,033 84 
17,934 24 


sources, . 


17,032 95 


. , • 


2,860 32 


. - . . 


281 40 


$17,570 25 




. 


$254,142 75 


$110,872 08 




753 08 






$110,119 00 






20,052 00 




59,872 52 




13,944 84 




4,411 73 




15,384 14 


. . . 


214 65 


$6,630 16 


- 


. . ■ 


$223,998 88 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$26,419,036 00 $258,968 19 
28,202,915 00 266,484 68 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 

Perpetual risks in force (notincl'd above), 



$54,621,951 00 $525,452 87 
28,956,536 00 273,278 24 



?5,665,415 00 $252,174 63 
11,963,831 00 $265,701 44 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



53,046,378 00 

1,629,527 00 

114,120 00 

500,660 00 

20,000 00 

45,850 00 



284 



merchants' INSURANCE CO. 



"MERCHANTS 1 INSURANCE COMPANY OF NEWARK," 

NEWARK, N. J. 

[Incorporated Feb. 18, 1858. Commenced business April 18, 1858.] 

Paid-up Capital, $400,000. 

G. LEE STOUT, President. J. R. MULLIKIN, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, ..... 
New Jersey Zinc Co. bonds, 
Long Branch & Sea Shore Railroad bonds, 
Midland Railroad of New Jersey bonds, . 
Newark & Bloomfield Horse Car R.R. bonds, 
Belleville & Newark Horse Car R.R. bonds, 
Irvington & Newark Horse Car R.R. bonds, 
American Dock and Improvement bonds, 
Long Branch school bonds, 
North Hudson County R.R bonds, . 
Newark Gas Company bonds, . 
Newark Pass. Railroad Company bonds, . 
Elizabeth City bonds, .... 
Underwriters' Prot. Ass'n, Newark, bonds, 
Consolidated Traction R'y Co. bonds, 
N. Y., Susquehanna & Western R.R. bonds, 
Easton & Am boy R.R, Co bonds, 
Warren Railroad Company stock, . 
United New Jersey R.R. & Canal Co. stock, 
Morris & Essex R.R. stock, 



Par Value. 

$25,000 00 

10,000 00 

5,000 00 

100,000 00 

10,000 00 

1,000 00 

3,000 00 

50,000 00 

8,000 00 

100,000 00 

100,000 00 

70,000 00 

50,000 00 

500 00 

30,000 00 

10,000 00 

5,000 00 

36,050 00 

15,000 00 

25,000 00 



Market Value. 

$28,125 00 

10,500 00 

5,300 00 

119,000 00 

10,450 00 

1,045 00 

3,135 00 

57,500 00 

8,720 00 

102,000 00 

130,000 00 

77,000 00 

48,000 00 

500 00 

29,700 00 

10,800 00 

5,425 00 

60,924 50 

37,500 00 

42,250 00 



Securities held as collateral for cash loans : — 

Newark Gas Co. bonds, ..... 
Consolidated Traction Co. bonds, 



$653,550 00 $787,874 50 



Market Value. Loaned Thereon. 



$3,900 00 
4,950 00 



S,850 00 



53,000 00 
2,000 00 

£5,000 00 



Summary op Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $356,099 43 

Loans on mortgage of real estate (first liens*), 295,600 00 

Interest due or accrued thereon, . . . 4,653 92 

Stocks and bonds, as per schedule, . . . 787,874 50 

* Value of lands mortgaged, $281,450 00 

Value of buildings thereon 467,150 00 

Amount of insurance held as collateral, . . . . 367,900 00 



MERCHANTS INSURANCE CO. 



2«5 



Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Rents due, 

Reinsurance on losses already paid, 
Prem's more than three mos. due, . f 7,051 51 
Gross assets, 



$5,000 00 

19,967 51 

28,358 13 

5,236 30 

137,065 66 

465 00 

94 68 



fl,640,415 13 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, , 
Unearned premiums on outstanding 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, 
Miscellaneous, .... 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 

Surplus over capital, . 



risks, 



$24,329 73 
43,918 95 
15,014 80 

$83,263 48 
6,118 07 

$77,145 41 

728,679 39 

1,317 97 

21,292 91 

17,773 75 

8,757 87 

1,797 67 



856,764 97 

$783,650 16 
400,000 00 

$383,650 16 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, 

Net collected, ..... 
Premiums on risks written or renewed, . 

Total, ....... 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, etc., .... 



Gross cash income, 



$181,309 04 
6,1.87 29 

$175,121 75 
1,140,586 50 

11,315.708 25 
138,099 61 



$1,177,608 64 
240,892 71 



sources, 



- $936,715 93 
13,189 75 
33,621 44 
19,136 12 

. f 1,002,663 24 



286 



MERCHANTS INSURANCE CO. IN PROVIDENCE. 



Expenditures. 
Cash paid for fire losses, ..... $492,304 14 
Deduct salvage and reinsurance, . . . 28,784 36 

Net cash paid for fire losses, .... 
Cash dividends paid, . . 

Cash j>aid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$132,143,874 00 
107,898,761 00 



$463,519 78 

32,000 00 

185,108 95 

48,512 76 

35,365 09 

143,705 38 

$908,211 96 

Premiums. 

51,387,985 26 
1,140,586 50 



$240,042,635 00 
96,887,731 00 

$143,154,904 00 
9,003,561 00 



52,528,571 76 

1,061,826 28 

^1,466,745 48 

75,260 57 



$134,151,343 00 $1,391,484 91 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), 
Company's stock owned by directors, .... 



,226,119 00 

9,189,436 00 

439,198 00 

996,219 00 

32,000 00 
83,250 00 



"MERCHANTS 1 INSURANCE COMPANY IN PROVIDENCE," 

PROVIDENCE, R. I. 

[Incorporated May, 1851. Commenced business July, 1851.] 

Paid-up Capital, $200,000. 

W. T. BARTON", President. W. P. GOODWIN", Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

550 shares Providence Gas Co., . . . $27,500 00 $47,850 00 

1,600 " National Bank of Commerce, .' 80,000 00 64,000 00 

1,000 " American National Bank, . . 50,000 00 42,500 00 

400 " Merchants' National Bank, . . 20,000 00 23,200 00 

200 " Globe National Bank, . . . 10,000 00 10,500 00 

200 " Phenix National Bank, . . 10,000 00 15,600 00 

257 " Mechanics' National Bank, . . 12,850 00 12,978 50 

102 " Manufacturers' National Bank, . 10,200 00 14,076 00 

100 " Michigan Central R R. Co., . . 10,000 00 10,100 00 



MERCHANTS' INSURANCE CO. IN PROVIDENCE. 



287 



200 shares New York Central R.R. Co., . 

100 " Illinois Central R.R Co., 

200 " Chicago & Northwestern R.R. Co, . 

100 " St. Paul & Duluth R.R 

5 " Underwriters' Salvage Co., N. Y., . 

United States bonds, 

Chicago, Burlington & Northern R.R. bonds, 
Eastern R.R. of Minnesota bonds, . 
Minneapolis Street R.R. Co. bonds, . 
Lowell & Suburban Street R.R. Co. bonds, 
Watchemoket Fire Dist, E. Providence, bonds, 
Pawtucket Electric Co. bonds, .... 
Bridgeport Traction Co. bonds, . . . 

Securities held as collateral for cash loans : - 

New Haven & Derby R.R. bonds, 
13 shares Boston & Providence R.R , 



Summary op Assets Dec. 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . . . . . 

Interest due and accrued, 

Premiums in course of collection (gross), 
Notes taken for fire risks, . 
Gross assets,f • 

Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
State and local taxes, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Par Value. 

20,000 00 

10,000 00 

20,000 00 

10,000 00 

500 00 

25,000 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 

7,500 00 

10,000 00 

10,000 00 



Market Value. 

$21,200 00 

10,400 00 

24,200 00 

8,000 00 

28,125 00 

10,700 00 

10,700 00 

5,000 00 

5,000 00 

7,725 00 

10,000 00 

10,400 00 



$373,550 00 |392,254 50 

Market Value. Loaned Thereon. 

$4,120 00 ) $5 000 00 
3,497 00 S 



',617 00 $5,000 00 



Surplus over capital, . 



31, 1897. 

$117,750 00 

1,085 06 

392,254 50 

5,000 00 

5,347 90 

45,877 80 

2,939 99 

24,867 80 

12,140 22 



$3,392 50 

10,685 66 

528 00 

193,197 72 

294 41 

2,649 75 

279 81 



$607,263 27 



211,027 85 



$396,235 42 
200,000 00 

$196,235 42 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$99,700 00 
243,000 00 
164,500 00 



t Including $60,000 special reserve fund held under Rhode Island law. 



288 



MERCHANTS INSURANCE CO. IN PROVIDENCE. 



Income. 

Fire premiums outstanding Dec. 31, 1896, . f 35,330 80 
Same not collected, . 109 66 

Net collected, . . . . . . $35,221 14 

Premiums on risks written or renewed, . . 308,682 40 

Total, $343,903 54 

Premiums now in course of collection, . . 37,008 02 

Entire premiums collected, .... $306,895 52 
Less reinsurance and return premiums, . . 46,837 88 

Net cash fire premiums received, . . . 

Interest received on mortgages, ...... 

Interest and dividends received from all other sources, . 

Gross cash income, 



$260,057 64 

5,163 15 

19,287 54 

$284,508 33 



Expenditures. 
Cash paid for fire losses, ..... $138,486 81 
Deduct salvage and reinsurance, . . . 7,016 42 

Net cash paid for fire losses, .... 

Cash dividends paid, . . . . . . . , . 

Cash paid for commissions and brokerage, .... 

for salaries of officers and employees, . 

for State and local taxes, ..... 

for premium charged to profit and loss, 

Gross cash expenditures, 



$131,470 39 

12,000 00 

50,944 11 

48,915 86 

8,007 10 

350 00 



$251,687 46 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

. $32,995,960 00 $385,997 88 
. 26,386,825 00 308,682 40 



Total, . . ... 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $59,382,785 00 $694,680 28 
. 25,705,350 00 307,601 72 



.$33,677,435 00 $387,078 56 
. 1,004,135 00 10,704 08 



. $32,673,300 00 $376,374 48 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent ), . 
Company's stock owned by directors, .... 



58,333,924 00 

5,445,841 00 

124,822 00 

796,000 00 

12,000 00 

35,100 00 



merchants' and MANUFACTURERS* INSURANCE CO. 289 



"MERCHANTS' AND MANUFACTURERS 1 FIRE INSURANCE COM- 
PANY OF BALTLMORE CITY," BALTIMORE, MD. 

[Incorporated Dec. 26, 1895. Commenced business Jan. 1, 1896.] 

Paid up Capital, $200,000. 

RUFUS WOODS, President. J. RAMSAY BARRY, Secretary. 



United States bonds, 
Baltimore city bonds, 



Detailed Statement of Stocks and Bonds. 

Par Value. 

$30,000 00 

235,000 00 



Market Value. 

$35,800 00 
245,538 00 



Securities held as collateral for cash loans : — 

City of Knoxville bonds, ..... 
300 shares Baltimore City Pass. Railway Co., . 
840 " Baltimore Consolidated R'y Co., . 
100 " Consolidated Gas Co., Baltimore, . 
University of Maryland bonds, 
Consolidated Gas Co , Baltimore, bonds, . 
Baltimore Traction Co. bonds, . . ' . 

Northern Central Railway Co. bonds, 



|265,000 00 $281,338 00 



Market Value. Loaned Thereon. 



$2,100 00 

19,800 00 

19,320 00 

5,300 00 

5,000 00 

2,310 00- 

7,455 00 

1,150 00. 



$1,666 67 

15,000 00 

14,000 00 

10,000 00 

10,000 00 



$62,435 00 $50,666 67 



Summary of Assets Dec. 31, 1897. 

Stocks and bonds, as per schedule, . . . $281,338 00 

Loans on collateral security, as per schedule, . 50,666 67 

Cash in the office of the company, . . . 1,874 90 

Cash deposited in bank, ..... 22,340 91 

Interest due and accrued, ....... 3,207 02 

Premiums in course of collection (gross), . 27,547 27 

All other assets, . ... . . . 100 00 

Prom's more than three mos. due, , f 933 49 
Gross assets, ...... 

Deduct special deposits in other States, . 

Balance, ....... 



$387,074 77 
12,000 00 



|375,074 77 



Liabilities. 



Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 



$3,942 31 

19,953 69 

$23,896 00 

1,800 00 



$22,096 00 



290 MERCHANTS* AND MANUFACTURERS' INSURANCE CO. 



Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Return premiums and reinsurance, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards polic} r holders, . 
Paid-up capital, 

Surplus over capital, , 



$81,666 97 

8,000 00 

105 24 

4,455 57 

5,111 72 

|121,435 50 
5,252 60 



$116,182 90 

$258,891 87 
200,000 00 



,891 87 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $11,036 28 
Premiums on risks written or renewed, . . 170,940 98 

Total, .o $ 181,977 26 

Premiums now in course of collection, „ . 27,547 27 

Entire premiums collected, .... $154,429 99 
Less reinsurance and return premiums, . . 32,849 25 

Net cash fire premiums received, 
Interest and dividends received from all sources, 

Gross cash income, ..... 



|121,580 74 
16,861 90 

$138,412 64 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, . 

Gross cash expenditures, .... 



52,050 54 
1,143 53 



,907 01 

8,000 00 

27,047 00 

10,044 09 

5,863 55 

10,566 23 



,427 88 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total,. . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.$10,909,281 00 
. 20,522,637 00 

.$31,431,918 00 
. 13,687,211 00 

.$17,744,707 00 
564,431 00 



Premiums. 

$90,806 40 
170,940 98 



$261,747 38 
108,835 56 



$152,911 82 
3,730 25 



$17,180,276 00 $149,181 57 



MICHIGAN FIRE AND MARINE INSURANCE CO. 



291 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (8 per cent.), . 

Company's stock owned by directors, 



$291,341 00 
43,792 00 
53,003 00 
24,000 00 
16,000 00 
88,070 00 



"MICHIGAN FIRE AND MARINE INSURANCE COMPANY," 

DETROIT, MICH. 

[Incorporated February, 1881. Commenced business March, 1881.] 

Paid-up Capital, $400,000. 

D. WHITNEY, Jr., President. F. H. WHITNEY, Secretary. 



Detailed Statement of Stocks and Bonds. 



People's Savings Bank stock, 
Marquette city bonds, 
Detroit city bonds, . 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross), 

All other assets, . 

Gross assets, ..... 



Par Value. 

$5,000 00 
32,000 00 
10,000 0Q 



),763 01 

519,120 70 

15,401 03 

48,250 00 

7,862 80 
67,677 54 

1,679 25 
54,082 89 

1,969 16 



Market Value. 

$6,250 00 
32,000 00 
10,000 00 



$47,000 00 $48,250 00 
31, 1897. 



$805,806 38 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 



$3 5 632 62 

7,025 63 

2,312 50 

194,726 09 

10,908 09 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$905,62? 00 
633,200 00 
349.425 00 



292 



MICHIGAN FIRE AND MARINE INSURANCE CO. 



Return premiums and reinsurance, . 
Reinsurance disallowed, , 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 



>7,075 04 
2,803 05 



$228,483 02 

$577,323 36 

400,000 00 

$177,323 36 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 



Gross cash income, 



$55,337 73 

307,745 30 

$363,083 03 

54,082 89 



$309,000 14 
68,535 25 



other sources, . 



$240,464 89 

38,231 17 

2,938 65 

1,296 00 



$282,930 7: 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent, . . . . 

for repairs on real estate, 

for incidentals, .... 

Profit and loss — depreciation in real estate, . 

Gross cash expenditures, .... 



67 42 

7,481 58 



32,000 00 

44,442 95 
14,922 00 
18,285 52 
3,000 00 
1,350 15 
22,639 94 
26,793 40 

. $284,119 80 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiams. 

.$36,130,222 00 $438,008 22 
. 26,191,693 00 307,745 30 



Total, . - 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



.$62,321,915 00 $745,753 52 

. 27,097,744 00 336,359 50 

. $35,224,171 00 $409,394 02 

. 1,955,438 00 22,504 08 



.$33,268,733 00 $386,889 94 



MIDDLESEX MUTUAL ASSURANCE CO. 



293 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, ....... 



$5,694,208 00 

3,051,425 00 

120,319 00 

250,000 00 

32,000 00 

199,950 00 



" MIDDLESEX MUTUAL ASSURANCE COMPANY," MIDDLE- 
TOWN, CONN.* 

[Incorporated June 2, 1836. Commenced business June 13, 1836.] 
O. VINCENT COFFIN", President. C. W. HARRIS, Secretary. 



Detailed Statement of Stocks 



Middletown, Conn , town bonds, 

Portland, Conn , town bonds, . 

Jeffersonville, Ind., city bonds, 

Evansville, Ind., city bonds, 

American Water Works bonds, 

Nebraska Loan & Trust Company bonds 

N. Y., New Haven & Hartford R.R bonds, 

200 shares N. Y. Cent. & Hudson River R R., . 

250 

400 

200 ' 

300 ' 

150 ' 

40 ' 

85 ' 

30 ' 

10 ' 



Chic, Rock Island & Pacific R.R., . 
N. Y., New Haven & Hart. R.R., . 
Chicago, Burlington & Quincy R.R., 
Chicago & Northwestern R.R., 
Middletown National Bank, Conn., 
First Nat'l Bank, Middlet'n, Conn , 
Middlesex Co. N 1 ! B'k, Middletown, 
Central Nat'l Bank, Middletown, . 
First National Bank, Portland, 



and Bonds. 

Par Value. 

$30,000 00 

100,000 00 

10,000 00 

5,000 00 

10,000 00 

81,000 00 

15,000 00 

20,000 00 

25,000 00 

40,000 00 

20,000 00 

30,000 00 

11,250 00 

4,000 00 

8,500 00 

2,250 00 

1,000 00 



Market Value. 

$30,000 00 

100,000 00 

10,000 00 

4,750 00 

10,000 00 

81,000 00 

21,600 00 

21,300 00 

22,500 00 

73,200 00 

20,000 00 

40,700 00 

15,000 00 

4,000 00 

7,650 00 

2,400 00 

1,000 00 



$413,000 00 $465,100 00 



Summary of Assets Dec. 31, 1897. 



J 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, ..... 
Premiums in course of collection (gross), 

Gross assets, 



$200,000 00 

63,300 00 

465,100 00 

50,311 07 

21,234 64 



$799,945 71 



* A mutual company. 

f Value of lands mortgaged, $43,000 00 

Value of buildings thereon, . 193,000 00 

Amount of insurance held as collateral, .... 115,65000 



294 



MIDDLESEX MUTUAL ASSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding- risks, 
State and local taxes, .... 
Commissions and brokerage, . 
Gross liabilities, . . 

Surplus as regards policy holders, . 



$5,509 50 
9,802 67 
1,300 00 
17.0,296 06 
3,443 46 
5,308 66 



$195,660 35 
$604,285 36 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 

Entire premiums collected, . . . 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



Expenditures 
Cash paid for fire losses, .... 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, . 
for incidentals, .... 



Gross cash expenditures, 



$21,709 33 
96,715 26 

£118,424 59 
21,234 64 

$97,189 95 
4,606 38 



sources, 



$92,583 57 

4,351 80 

23,587 55 

9,723 85 



$130,246 77 



$56,038 49 

14,305 01 

14,299 99 

6,073 21 

14,498 50 

$105,215 20 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, . 



Miscellaneous 

Losses paid from organization of company, 
Fire losses incurred during the year, 



Risks and Premiums. 

Premiums. 

$41,503,302 00 $338,463 02 
13,226,538 00 96,715 26 



$54,729,840 00 $435,178 28 
11,762,739 00 94,867 48 



$42,967,101 00 $340,310 80 



$962,828 00 
56,038 00 



millers' and manufacturers' INSURANCE CO. 



295 



"MILLERS' AND MANUFACTURERS' INSURANCE COMPANY," 

MINNEAPOLIS, MINN.* 

[Reincorporated July 1, 1891. Commenced business August, 1865.] 
C. B. SHOVE, President. F. S. DANFORTH, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

Northwestern Consolidated Milling Co. bonds, $2,000 00 

First National Bank, Minneapolis, stock, . 13,800 00 

Nicollet National Bank, Minneapolis, stock, . 17,000 00 

Nat'l Bank of Commerce, Minneapolis, stock, 5,000 00 

Merchants' National Bank, St. Cloud, stock, . 1,000 00 



Market Value. 

12,000 00 

13,800 00 

17,000 00 

5,000 00 

1,000 00 



Securities held as collateral for cash loans : — 

Merriman Barrows Co. stock, . 

Hardwood Manufacturing Co. stock, 
Mortgage bonds, ...... 



$38,800 00 !§38,800 00 



Market Value. 

$20,000 00 

10,000 00 

9,000 00 



Loaned Thereon. 

$10,000 00 
6,500 00 
6,500 00 



$39,000 00 $23,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liensf) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 

Liabilities, 

Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, . 

Surplus as regards policy holders, . 

Scrip outstanding, not ordered to be redeemed, 

Surplus over scrip, ..... 



31, 1897. 

$101,760 00 

40,550 00 

400 02 

38,800 00 

23,000 00 

530 29 

11,830 65 

1,194 00 

12,396 14 

199 50 



$230,660 60 



5,056 79 
7,650 00 
83,300 13 
1,999 08 
2,871 97 



110,877 97 

$119,782 63 
2,295 73 

$117,486 90 



* A mutual company. 

f Value of property mortgaged, . 
Amount of insurance held as collateral, . 



$57,000 00 
12,100 00 



296 millers' and manufacturers' INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $20,767 32 

Premiums on risks written or renewed, . . 194,921 07 

Total, . . . . . . ' . . $215,688 39 

Premiums now in course of collection, . . 12,396 14 

Entire premiums collected, . . . . $203,292 25 

Less reinsurance and return premiums, . . 27,659 28 

Net cash fire premiums received, . , ' . 
Interest and dividends received from all sources, 
Income from all other sources, 



$175,632 97 

1,136 06 

924 31 



Gross cash income, 



$177,693 34 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire- losses, .... 

Cash dividends paid policy holders, 

Cash paid for redemption of scrip, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for inspections, . . , . 

for rents, ...... 

for incidentals, .... 

Gross cash expenditures, .... 



$112,282 76 
541 25 



$111,741 51 

18,758 17 

649 24 

19,489 00 

18,327 32 

2,351 85 

1,797 45 

2,000 00 

16,371 53 

$191,486 07 



Risks and Premiums. 

Cash Prem's. • Conting't Prem's. 

Fire risks outst'g Dec. 31, 1896, $10,161,315 00 $192,406 42 $364,084 39 
Fire risks written during 1897, 8,592,914 00 194,921 07 74,134 54 



Total,. . . . .$18,754,229 00 $387,327 49 $438,218 93 
Deduct risks expired and t'nfd, 9,921,155 00 214,531 53 144,653 02 



In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



5,833,074 00 $172,795 96 $293,565 91 
334,849 00 6,195 69 



5,498,225 00 $166,600 27 



Miscellaneous. 

Losses paid from organization of company, . 
Fire losses incurred during the year, 



$1,079,139 00 
98,220 00 



MILWAUKEE MECHANICS' INSURANCE CO. 



297 



"MILWAUKEE MECHANICS 1 INSURANCE COMPANY," 
MILWAUKEE, WIS. 

[Incorporated Feb. 15, 1852. Commenced business April 1, 1852.] 

Paid-up Capital, $200,000. 

CHRISTIAN PREUSSER, President. ADOLF J. CRAMER, Secretary. 



Detailed Statement of Stocks and Bonds. 



Milwaukee County bonds, 

Milwaukee city bonds, 

Brown County, Wis., bonds, 

Oshkosh City, Wis., bonds, 

La Crosse City, Wis., bonds, 

St. Paul, Minn , bonds, 

Ramsey County, Minn., bonds, 

Mil. Underwriters 1 Building Asso. stock, 

Sanitary Dist. of Chicago bonds, 

South Side (Chic.) Elevated R R. Co. bonds, 



Par Value. 

$23,000 00 

251,500 00 

26,000 00 

14,000 00 

35,000 00 

225,000 00 

100,000 00 

2,576 00 

50,000 00 

100,000 00 



Market Value. 

$25,300 00 

268,670 00 

27.560 00 

14,560 00 

37,100 00 

251,500 00 

110,000 00 

3,203 20 

52,875 00 

102,500 00 



$827,076 00 $893,268 20 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $45,000 00 

Loans on mortgage of real estate (tirst liens*), 1,267,171 78 

Interest due or accrued thereon, . . . 30,389 05 

Stocks and bonds, as per schedule, . . . 893,268 20 

Cash in the office of the company, . . . 69,332 73 

Cash deposited in bank, ..... 124,253 81 

Interest due and accrued, ..... 5,481 58 

Premiums in course of collection (gross), . 137,018 81 

Notes taken for marine and inland risks, . 570 00 

Gross assets,f 



$2,572,485 96 



Liabilities. 

Losses adjusted, unpaid, $15,151 58 

claimed and reported, .... 45,791 96 

disputed or resisted, . ' . . 9,984 34 

Total amount of losses, $70,927 88 

Unearned premiums on outstanding risks, . 856,669 59 
Commissions and brokerage, .... 27,403 76 

* Value of lands mortgaged $2,083,290 00 

Value of buildings thereon, .1,149,480 00 

Amount of insurance held as collateral 698,600 00 

f Including $200,000 special reserve held by treasurer of State of Wisconsin. 



298 



MILWAUKEE MECHANICS' IXSUEANCE CO. 



Reinsurance, . . . . . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, . 



$52,650 39 
45,436 70 



$1,053,088 32 



. $1,519,397 64 
200,000 00 



,319,397 64 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $ 159,486 32 
Premiums on risks written or renewed, . . 1,206,138 50 

Total,. . . . . . . . . f 1,365,624 82 

Premiums now in course of collection, . . 137,018 81 

Entire premiums collected, .... $1,228,606 01 
Less reinsurance and return premiums, . . 240,594 86 

Net cash fire premiums received, . . . ■ 

Interest received on mortgages, ...... 

Interest and dividends received from all other sources, . 
Income from rents, ......... 

Miscellaneous, 

Gross cash income, 



$988,011 15 

76,029 79 

38,235 75 

2,900 00 

1,218 58 

. $1,106,395 27 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for miscellaneous, . . 

Gross cash expenditures, .... 



$435,127 90 
43,095 72 



$392,032 18 
80,000 00 
250,679 40 
64,538 63 
31,704 26 
83,323 12 

$902,277 59 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$124,676,697 00 $1,645,695 63 
. 92,207,175 00 1,206,138 50 



Total, . , . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$216,883,872 00 $2,851,834 13 

. 83,382,040 00 1,097,692 77 

$133,501,832 00 $1,754,141 36 

. 8,675,277 00 106,236 60 



$124,826,555 00 $1,647,904 76 



NATIONAL FIRE INSURANCE CO. 299 



Miscellaneous. 



Premiums received from organization of company, . $13,417,207 00 
Losses paid from organization of company, .... 6,574,371 00 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared daring the year (40 per cent.), 
Company's stock owned by directors, 



416,970 00 

670,000 00 

80,000 00 

87,560 00 



"NATIONAL FIRE INSURANCE COMPANY OF HARTFORD," 

HARTFORD, CONN. 

[Incorporated Nov. 27, 1871. Commenced business Dec. 1, 1871.] 

Paid-up Capital, $1,000,000. 

JAMES NICHOLS, President. E. G. RICHARDS, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, ...... $50,000 00 $55,000 00 

Atchison, Topeka & Santa Fe Railway bonds, 29,000 00 22,000 00 

Bangor & Aroostook R.R. Co. bonds, . . 15,000 00 15,000 00 

Buffalo Railway Co. bonds, .... 25,000 00 26,250 00 

Cedar Rapids, Iowa Falls & N. W. R'y bonds, 48,000 00 50,400 00 

Chesapeake & Ohio Railway bonds, . . 20,000 00 18,000 00 

Chicago, Burlington & Quincy R.R. bonds, . 46,200 00 48,350 00 

Chicago & Indiana Coal Railway Co. bonds, . 40,000 00 40,000 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 60,000 00 66,800 00 

Chicago North Shore Street R'y Co. bonds, . 25,000 00 25,500 00 

Chicago & Northwestern R R. Co. bonds, . 19,000 00 20,520 00 

Chicago & Western Indiana R.R. bonds, . . 50,000 00 55,500 00 

Cincinnati, Dayton & Ironton R.R. Co. bonds, . 10,000 00 10,500 00 

Cincinnati, Hamilton & Dayton R.R. Co. bonds, 15,000 00 16,800 00 

Cin., Indian., St. Louis & Chicago R.R. bonds, 35,000 00 35,000 00 

Cleve , Columbus, Cin. & Indian. R.R. bonds, . 35,000 00 43,750 00 

Cleveland, Loraine & Wheeling R.R. bonds, . 50,000 00 50,000 00 

Columbus, Sandusky & Hocking R.R. bonds, . 20,000 00 2,000 00 

Columbus & Toledo' R.R. Co. bonds, . . 38,000 00 40,000 00 

Danbury & Norwalk R.R. Co. bonds, . . 10,000 00 10,500 00 

E.Tennessee, Virginia & Georgia R.R Co.b'ds, 30,000 00 30,000 00 

Erie Railway Co. bonds, ..... 20,000 00 27,000 00 

Evansville & Terre Haute R.R. bonds, . . 10,000 00 9,500 00 

Evansville, Terre Haute & Chic. R'y Co. b'ds, 29,000 00 29,000 00 

Hannibal & St. Joseph R.R. Co. bonds, . . 50,000 00 57,500 00 

Hartford & Connecticut Western R.R. Co. b'ds, 10,000 00 10,000 00 

Houston & Texas Central R.R Co bonds, . 25,000 00 25,000 00 

Huntingdon & Broad Top Mt. R.R. & Coal Co. b'ds, 25,000 00 25,000 00 

Indiana & Lake Michigan R'y Co. certificates, 10,000 00 8,000 00 

Kanawha & Michigan Railway Co. bonds, . 15,000 00 10,500 00 



300 



NATIONAL FIRE INSURANCE CO. 



Par Value. Market Value. 

Kansas City Cable Railway Co. bonds, . . $33,000 00 $33,000 00 

Knoxville & Ohio R.R. Co. bonds, . . . 20,000 00 22,400 00 

Louisville, New Albany & Chic. R'y Co. bonds, 35,000 00 38,500 00 

Louisville & Nashville R.R. bonds, . . . 10,000 00 11,500 00 

Memphis & Charleston R.R. Co. certificates, . 20,000 00 20,000 00 

Mobile & Ohio R.R. Co. bonds, . . . 15,000 00 17,250 00 

Montana Central Railway Co. bonds, . . 20,000 00 22,800 00 

Morgan's Louisiana & Texas R.R. &S.S. Co. b'ds, 30,000 00 36,000 00 

Nashville, Chattanooga & St. Louis R'y Co. b'ds, 15,000 00 16,500 00 

Naumkeag Street Railway Co. bonds, . . 20,000 00 20,000 00 

N. Y., New Haven & Hartford R.R. certificates, 30,000 00 39,000 00 

Nodaway Valley R.R. Co. bonds, . . . 6,000 00 6,000 00 

Norfolk & Western bonds, .... 11,000 00 8,250 00 

Oregon Railway & Navigation Co. bonds, . 20,000 00 21,600 00 

Piedmont & Cumberland Railway Co. bonds, . 25,000 00 25,000 00 

Richmond & Danville R.R. Co. bonds, . . 20,000 00 20,000 00 

Rochester & Pittsburgh R.R. Co. bonds, . . 40,000 00 46,000 00 

Sandusky, Mansfield & Newark R.R. Co. b'ds, 40,000 00 40,000 00 

St. Paul, Minneap. & Manitoba R.R Co, bonds, 10,000 00 11,000 00 

St. Paul & No. Pacific R'y Co. bonds, . . 35,000 00 42,000 00 

St Louis, Alton & Terre Haute R R. Co. bonds, 25,000 00 26,250 00 

Savannah, Florida & Western R'y Co. bonds, . 50,000 00 51,000 00 

Seattle, Lake Shore & Eastern R'y Co. ctfs., . 20,000 00 6,000 00 

Toledo & Ohio Central Railway Co. bonds, . 65,000 00 62,000 00 

Toledo Traction Co. bonds, .... 25,000 00 25,000 00 

Union Pacific R R. Co. certificates, . . . 30,000 00 31,500 00 

Wabash R.R. Co. bonds, 20,000 00 20,000 00 

West Chicago Street R R. Tunnel Co. bonds, . 35,000 00 35,000 00 

West Virginia Cent. & Pittsburgh R'y Co b'ds, 50,000 00 52,500 00 

Willmar & Sioux Falls Railway Co. bonds, . 15,000 00 15,750 00 

Galveston city bonds, ..... 25,000 00 25,000 00 

Georgia State bonds, 25,000 00 27,000 00 

Helena city bonds, 20,000 00 20,000 00 

Lincoln city bonds, . . . . . 12,000 00 12,000 00 

Meriden town bonds, ..... 10,000 00 10,000 00 

New Britain city bonds, ..... 6,000 00 6,000 00 

Richmond city bonds, ..... 66,900 00 68,590 00 

Silver City, N. M., bonds, .... 10,000 00 10,000 00 

Territory of Arizona bonds, .... 20,000 00 20,000 00 

Brooklyn Wharf & Warehouse Co. bonds, . 50,000 00 50,000 00 

Galveston Wharf Co. bonds, .... 25,000 00 25,000 00 

School Dist. No. 2, Springw's Tp., Mich., b'ds, 12,000 00 12,000 00 

Suflield & Thompsonville Bridge Co. bonds, . 28,000 00 28,000 00 

West Middle School District, Hartford, bonds, 26,000 00 26,000 00 

45 shares Atchison, Topeka & Santa Fe R.R., 4,500 00 1,125 00 

300 " Belt R.R & Stock Yard Co., Ind'lis, 15,000 00 10,500 00 

200 " Cleveland & Pittsburgh R.R., . 10,000 00 16,000 00 

120 " Chicago, Burlington & Quincy R.R., 12,000 00 10,200 00 



NATIONAL FIRE INSURANCE CO, 



301 



330 shares 


200 


«t 


167 


it 


750 


it 


200 


<( 


500 


it 


150 


tt 


760 


tt 


100 


tt 


200 


tt 


250 


tt 


70 


tt 


228 


tt 


25 


tt 


40 


tt 


100 


tt 


30 


tt 


509 


tt 


50 


tt 


360 


tt 


75 


tt 


10 


tt 


440 


tt 


70 


tt 


25 


tt 


100 


tt 


207 


tt 


500 


tt 


154 


tt 


100 


tt 



Chicago, Rock Island & Pacific R.R 

Ft. Wayne & Jackson R.R., . 

Illinois Central R.R., 

N. Y., New Haven & Hartford R.R, 

New York & Harlem R R , 

N. Y. Central & Hudson River R.R 

Oswego & Syracuse R.R., 

Pennsylvania R.R., . 

Peoria & Bureau Valley R.R , 

Pitts., Fort Wayne & Chicago R.R 

iEtna National Bank, 

Boston National Bank, Boston, 

Charter Oak National Bank, . 

Central National Bank, N. Y., 

City Bank, . 

Farmers' and Mechanics' N'l Bank, 

First National Bank, Meriden, 

Hartford National Bank, 

Mercantile National Bank, 

National Exchange, 

Nat'l Bank of the Republic, Boston, 

N'l Bank of Commerce, Kan. City, 

Phoenix National Bank, . 

St. Paul National Bank, . 

Second National Bank, New Haven, 

Thames National Bank, Norwich, . 

Hartford City Gas Light Co., . 

Northwestern Telegraph Co., 

Norfolk & Western R R„ 

Illinois & Mississippi Teleg'ph Co., 



Par Value. 

$33,000 00 

20,000 00 

16,700 00 

75,000 00 

10,000 00 
50,000 00 

7,500 00 

38,000 00 

10,000 00 

20,000 00 

25,000 00 

7,000 00 

22,800 00 

2,500 00 

4,000 00 

10,000 00 

3,000 00 

50,900 00 

2,500 00 

18,000 00 

7,500 00 

1,000 00 

44,000 00 

7,000 00 

2,500 00 

10,000 00 

5,175 00 

25,000 00 

15,400 00 

5,000 00 



Market Value. 

$26,400 00 
24,000 00 
16,530 00 
130,500 00 
29,000 00 
50,000 00 
15,000 00 
40,280 00 
16,500 00 
32,000 00 
35,000 00 

5,950 00 
20,520 00 

3,750 00 

4,000 00 
11,000 00 

3,750 00 
69,224 00 

1,250 00 
21,600 00 
10,125 00 

1,000 00 
52,800 00 

4,200 00 

4,125 00 
14,500 00 

8,280 00 
27,500 00 

6,160 00 

3,600 00 



!,580,075 00 $2,771,129 00 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens*), 

Stocks and bonds, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, ..... 

Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



1252,978 40 
774,015 97 

2,771,129 00 

834 10 

248,362 69 

385,698 70 



$4,433,018 86 

127,000 00 



Balance, $4,306,018 86 



* Value of lands mortgaged, . . . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$1,199,050 00 

1,279.650 00 

807,405 00 



302 



NATIONAL FIRE INSURANCE CO. 



Liabilities, 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance and return premiums, , 
Reinsurance not allowed, . , . . 
Reserve for contingencies, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



),620 03 
67,743 34 
19,216 64 
1,734,945 34 
74,318 25 
50,755 76 
51,877 30 
25,000 00 



1,104,476 66 

47,805 20 . 

- f2,056,671 46 



Surplus as regards policy-holders, 
Paid-up capital, . 



. $2,249,347 40 
. 1,000,000 00 



Surplus over capital, . 



,249,347 40 



Income. 

Fire premiums outstanding Dec. 31, 1896 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interests and dividends received from all 
Income from rents, ...... 

Gross cash income, . 



$379,603 56 
2,510,923 39 

52,890,526 95 
385,698 70 



1,504,828 25 
401,809 22 



other sources, 



$2,103,019 03 

43,487 96 

129,707 33 

187 10 

$2,276,401 42 



Expenditures. 
Cash paid for fire losses, . . . . $1,073,483 04 

Deduct salvage and reinsurance, . . . 98,311 74 

Net cash paid for fire losses, .... 
Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and emplo} 7 ees, 
for State and local taxes, 
for miscellaneous, .... 
Profit and loss, . 



,171 30 

120,000 00 

393,706 91 

187,723 67 

62,775 03 

177,113 71 

2,072 59 



Gross cash expenditures, 



$1,918,563 21 



NATIONAL FIRE INSURANCE CO. OF BALTIMORE. 



303 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$317,703,967 00 $3,806,255 54 
217,025,628 00 2,510,923 39 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$534,729,595 00 $6,317,178 93 
215,584,029 00 2,642,464 86 



$319,145,566 00 13,674,714 07 
. 18,845,323 00 216,569 80 



$300,300,243 00 $3,458,144 27 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.),. 
Company's stock owned by directors, . 



$24,101,735 00 

12,362,311 00 

970,989 00 

2,297,000 00 

120,000 00 

78,300 00 



"NATIONAL FIRE INSURANCE COMPANY OF BALTIMORE," 

BALTIMORE, MD. 

[Incorporated December, 1849. Commenced business May, 1850.] 

Paid-up Capital, $200,000. 

WM. C. JENNESS, President. GEO. E. TAYLOR, Secretary. 



Detailed Statement of Stocks 



State of Maryland Exchange Loan, . 
Maryland Defence Redemption Loan, 
Richmond city bonds, . . . . 
State of Virginia bond, . 
Consolidated Gas Co. bonds, . 
Virginia Midland R.R. Co. bonds, . 
Atlanta & Charlotte Air Line R.R. bonds, 
Baltimore city funded loan, 
National Mechanics 1 Bank of Baltimore, . 
National Farmers' & Planters 1 B'k, Baltimore 
Citizens' National Bank, Baltimore, 
Third National Bank, Baltimore, 
First National Bank, Baltimore, 



and Bonds. 

Par Value. 

$4,000 00 

2,500 00 

10,000 00 

1,000 00 

5,000 00 

3,000 00 

2,000 00 

150,000 00 

4,250 00 

2,000 00 

2,500 00 

2,000 00 

4,000 00 



Market Value. 

f 4,000 00 
2,500 00 

10,000 00 
690 00 
5,800 00 
3,120 00 
2,400 00 
159,000 00 
8,075 00 
3,600 00 
5,000 00 
1,900 00 
4,880 00 



$192,250 00 $210,965 00 



Summary of Assets Dec 31, 1897. 
Cash value of unencumbered real estate, . $43,000 00 
Stocks and bonds, as per schedule, . . . 210,965 00 
Cash in the office of the company, . , , 637 54 



304 



NATIONAL FIRE INSURANCE CO. OF BALTIMORE. 



Cash deposited in bank, . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Due from agents (secured), 

Gross assets, ..... 
Deduct special deposits in other States, . 



Balance, 



Surplus over capital, 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, ........ 

Premiums now in course of collection, . 

Entire premiums collected, .... 

Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 
Income from rents, ...... 

Received for increased capital, . 

Gross cash income, . , . 

Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, . . . . 

Net cash paid for fire losses, .... 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, .... 



$6,853 44 
3,593 10 
1,089 46 

15,001 99 



1,140 53 

10,690 00 

$270,450 53 



Liabilities. 

Losses adjusted, unpaid, ..... $1,972 00 

Losses claimed and reported, . 2,550 00 

Unearned premiums on outstanding risks, . 38,483 82 

Dividends to stockholders unpaid, . . , 149 95 

Commissions and brokerage, .... 1,180 27 

Gross liabilities, except capital, . . $44,336 04 

Deduct liability on special deposits, , . 10,690 00 

Surplus as regards policy holders, . 

Paid-up capital, ...... 



33,646 04 

£236,804 49 
200,000 00 



,804 49 



$583 17 




67,386 00 




$67,969 17 




1,089 46 




$66,879 71 




13,365 09 




— - — 


$53,514 62 


. . • 


3,736 65 


. 


1,307 39 


$100,000 00 




. 


$58,558 66 


$14,837 68 




1,076 68 




>-■»• — ' ■.■•■' 


$13,761 00 


. . 


6,030 70 




11,550 45 




4,334 83 




4,183 46 




4,150 24 




$44,010 68 



NATIONAL STANDARD INSURANCE CO. 



305 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, ■ 

Net amount in force, . 



^5,004,362 00 
6,248,260 00 



Premiums. 

$54,699 14 
67,386 00 



[1,252,622 00 $122,085 14 
4,273,309 00 46,789 38 



!,979,313 00 $75,295 76 
253,627 00 3,452 88 



,725,686 00 $71,842 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (3 per cent.), . 

Company's stock owned by directors, .... 



$2,458,421 00 

1,449,545 00 

17,833 00 

486,353 00 

6,000 00 

30,805 00 



NATIONAL STANDARD INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated Feb. 14, 1896. Commenced business Feb. 20, 1896.] 

Paid-up Capital, $200,000. 

E. C. CONVERSE, President. R. BLEECKER RATHBONE, Secretary. 

Detailed Statement of Stocks and Bonds. 



United States bonds, 
Massachusetts State bonds, 
New York city bonds, 



Par Value. Market Value. 

$400,000 00 $500,000 00 

50,000 00 54,590 10 

50,000 00 50,000 00 



$500,000 00 $604,590 10 



Summary of Assets Dec. 31, 1897. 

Stocks and bonds, as per schedule, . . . $604,590 10 

Cash deposited in bank, 30,015 .57 

Interest due and accrued, 3,791 67 

Premiums in course of collection (gross), . 65,968 22 

Gross assets, $704,365 56 



306 



NATIONAL STANDARD INSURANCE CO. 



Liabilities. 

Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Return premiums, 
Commissions and brokerage, . 
Reinsurance, .... 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 

Surplus over capital, . 



|53,365 06 
4,010 00 

$57,375 06 
17,998 94 



1,376 12 

163,907 46 

7,654 91 

11,748 78 

19,150 72 

17,094 94 



$258,932 93 

$445,432 63 

200,000 00 

$245,432 63 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $51,813 77 

Premiums on risks written or renewed, . . 452,935 97 

Total, $504,749 74 

Premiums now in course of collection, . . 65,968 22 

Entire premiums collected, .... $438,781 52 

Less reinsurance and return premiums, . . 189,924 13 

Net cash fire premiums received, . . .' 

Marine premiums on risks written, . . , $57,554 90 

Less reinsurance and return premiums, . . 30,248 80 

Net cash marine premiums received, . . 

Interest and dividends received from all sources, . 



$248,857 39 



27,306 10 
17,662 28 



Gross cash income, $293,825 77 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, .... 



mi,970 97 
32,513 80 

$24,423 38 
12,250 37 



,457 17 



12,173 01 

30,000 00 

73,036 72 

3,025 00 

7,690 99 

2,339 17 

$207,722 06 



NEWARK FIRE INSURANCE CO. 



307 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total,. 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1897, 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



5,827,636 00 
. 50,080,005 00 

. $78,907,641 00 
. 42,851,103 00 

. $36,056,538 00 
. 10,084,384 00 



Premiums. 

$254,085 62 
452,935 97 

1707,021 59 
373.037 00 

$333,984 59 
76,739 45 



.$25,972,154 00 $257,245 14 



. $1,633,820 00 
142,400 00 

. $1,491,420 00 
745,710 00 



$57,554 90 
5,399 02 



,155 88 
26,077 94 



$745,710 00 $26,077 94 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (15 per cent.), 
Company's stock owned by directors, .... 



$527,886 00 
119,413 00 
95,672 00 
20,001 00 
30,000 00 
30,000 00 
98,000 00 



"NEWARK FIRE INSURANCE COMPANY," NEWARK, N. J. 

[Incorporated May 14, 1810. Commenced business May 14, 1810.] 

Paid-up Capital, $250,000. 

JOHN J. HENRY, President. FRANK T. McBRIDE, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds $30,000 00 $33,600 00 

West Shore R.R. bonds, . . . . . 48,000 00 51,840 00 

Orange & Newark H. C. R.R. bonds, . . 25,000 00 27,500 00 

Newark & Irvington Street R.R. bonds, . . 2,000 00 2,060 00 

Newark & Bloomfield Street R.R. bonds, . 2,000 00 2,080 00 

Essex Passenger R.R. bonds, .... 5,000 00 5,500 00 

Morris & Essex R.R. stock, .... 20,000 00 33,000 00 

Underwriters' Protective Asso'n bonds, . . 1,000 00 1,000 00 

Newark & South Orange R.R. bonds, . . 20,000 00 20,400 00 

Newark city water bonds, .... 3,90000 4,25100 

Hoboken Land and Improvement bonds, . 25,000 00 26,250 00 

Essex County bonds, 25,000 00 27,250 00 

Newark Gas Co. bonds, . . . . . 10,000 00 13,000 00 



308 



NEWARK FIRE INSURANCE CO. 



National State Bank stock, 
National Newark Banking Co. stock, 
Newark City National Bank stock, . 



Summary of Assets Dec. 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, .... 
Gross assets, ..... 

Liabilities. 

Losses adjusted, unpaid, . . . . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
State and local taxes, .... 
Commissions and brokerage, . 

Reinsurance, 

Miscellaneous, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, .... 

Income. 
Fire premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, ....... 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



Par Value. 

$15,900 00 

7,700 00 

14,250 00 



Market Value. 

25,440 00 
13,090 00 
22,800 00 



$254,750 00 $309,061 00 

31, 1897. 

$61,700 00 

271,480 00 

3,998 31 

309,061 00 

975 71 

23,346 02 

3,678 33 

17,534 28 

187 00 

358 34 



$1,130 10 

11,583 75 

3,255 09 

112,047 11 

6,382 10 

40 38 

3,358 65 

938 85 

246 67 



2,318 99 



138,982 70 

$553,336 29 
250,000 00 

$303,336 29 



$20,728 97 
1,875 60 

$18,853 37 
165,746 35 

$184,599 72 
22,276 36 

$162,323 36 
24,515 46 



$137,807 90 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$299,250 00 
486,100 00 
392,100 00 



NEW HAMPSHIRE FIRE INSURANCE CO. 



309 



Interest received on mortgages, .... 
Interest and dividends received from all other sources, 

Income from rents, 

Received for premiums on securities, 

Gross cash income, 



$14,406 88 

13,353 40 

1,205 00 

2,668 75 

$169,441 93 



Expenditures. 

Cash paid for fire losses, » 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 



$62,748 21 
6,658 08 



Gross cash expenditures, 



$56,090 13 
25,062 70 
26,976 91 
19,757 43 
5,372 87 
20,376 10 

|153,636 14 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$26,963,128 00 $252,002 45 
. 18,884,821 00 165,746 35 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



$45,847,949 00 $417,748 80 
19,580,770 00 180,932 83 



$26,267,179 00 $236,815 97 
1,670,385 00 14,052 06 



$24,596,794 00 $222,763 93 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, 



$5,136,709 00 

2,480,118 00 

55,600 00 

815,780 00 

25,000 00 

47,675 00 



"NEW HAMPSHIRE FIRE INSURANCE COMPANY," 
MANCHESTER, N. H. 

[Incorporated 1869. Commenced business April, 1870.] 

Paid-up Capital, $1,000,000. 

JOHN C. FRENCH, President. CEO. E. KENDALL, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States government bonds, . . . $100,000 00 $112,500 00 
City of Cleveland, Ohio, bonds, . . . 50,000 00 51,000 00 



310 



NEW HAMPSHIRE FIRE INSURANCE CO. 



City of Columbus, Ohio, bonds, 

City of Ashtabula, Ohio, bonds, 

City of Dayton, Ohio, bonds, . 

City of Salem, Mass., bonds, . 

Cit} r of East Portland, Ore., bonds, 

City of Tacoma, Wash., bonds, 

City of Seattle, Wash., bonds, . 

City of Lincoln, Neb., bonds, . 

City of Moorhead, Minn., bonds, 

City of Augusta, Me., bonds, . 

City of Chicago, 111., bonds, 

Watertown & Rome R R. bonds, 

Maine Central R.R bonds, 

New York & New England R.R. bonds, 

Boston, Concord & Montreal R.R. bonds 

Concord & Montreal R.R. bonds, 

Fitchburg R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago, Burlington & Northern R.R. bonds, 

Union Pacific R.R. Trust, .... 

Oregon Short Line R.R. bonds, 

Chicago & West Michigan R R bonds, . 

Montana Central R.R. bonds, . 

Lehigh Valley Terminal Railway Co. bonds, 

Hillsborough County, N. H., bonds, 

Minneapolis Gas Light Co. bonds, . 

Central Loan & Land Co. bonds, 

National Loan & Trust Co. bonds, . 

National Card & Glazed Paper Co. bonds, 

Grand Forks Gas & Electric Co. bonds, . 

Minneapolis General Electric Co. bonds, 

Swift & Co. Chicago bonds, 

Suncook Valley R.R. stock, 

New York Central & Hudson River R.R. stock 

N. Y., New Haven & Hartford R.R. stock, 

Norwich & Worcester R R. stock, . 

Pemigewasset Valley R.R. stock, 

Boston & Albany R.R. stock, . 

Boston & Maine R.R. stock, 

Concord & Montreal R.R. stock, 

Delaware & Hudson Canal Co. stock, 

Maine Central R.R. stock, 

Northern R.R., N. H., stock, 

Fitchburg R.R. stock, 

Pittsburg, Fort Wayne & Chicago R.R. stock 

Chicago, Burlington & Quincy R.R. stock, 

Chicago & Alton R.R. stock, 

Illinois Central R.R. stock, . . . 



Par Value. 

$10,000 00 

9,000 00 

22,000 00 

10,000 00 

25,000 00 

25,000 00 

10,000 00 

21,000 00 

6,000 00 

4,000 00 

4,000 00 

10,000 00 

10,000 00 

20,000 00 

50,000 00 

140,000 00 

40,000 00 

48,000 00 

5,000 00 

10,000 00 

10,000 00 

25,000 00 

25,000 00 

25,000 00 

15,000 00 

20,000 00 

20,000 00 

10,000 00 

10,000 00 

5,000 00 

25,000 00 

25,000 00 

4,000 00 

35,000 00 

40,000 00 

5,000 00 

26,000 00 

20,000 00 

30,000 00 

20,000 00 

30,000 00 

10,000 00 

10,000 00 

10,000 00 

20,000 00 

47,400 00 

30,000 00 

30,000 00 



Market Value. 

$10,600 00 

9,000 00 

22,600 00 

10,000 00 

27,500 00 

27,500 00 

10,000 00 

21,000 00 

6,000 00 

4,000 00 

4,200 00 

11,000 00 

10,500 00 

23,100 00 

59,000 00 

144,200 00 

36,000 00 

51,700 00 

5,100 00 

10,000 00 

12,000 00 

15,000 00 

26,000 00 

27,000 00 

15,450 00 

20,000 00 

20,000 00 

10,000 00 

10,000 00 

5,000 00 

25,000 00 

25,000 00 

4,800 00 

36,750 00 

72,000 00 

9,500 00 

32,500 00 

42,000 00 

47,000 00 

34,000 00 

33,000 00 

12,500 00 

15,000 00 

9,500 00 

34,000 00 

45,504 00 

45,000 00 

30,000 00 



NEW HAMPSHIRE FIRE INSURANCE CO. 



311 



Chicago, Rock Island & Pacific R.R. stock, 
Chicago June. R'ys & Union Stock Yards Co , 
Lake Shore & Michigan Southern R.R. stock, 
Chicago & Northwestern R.R. stock, 
Chicago, Milwaukee & St. Paul R.R. stock, 
Merchants' N'l B'k, Manchester, N. H., stock, 
Merchants 1 N'l B'k, Kansas City, Mo., stock, 
Pemigewasset N'l B'k, Plymouth, N. H., stock 
Berlin National Bank, Berlin, N. H., stock, 
First Nat'l Bank, Peterborough, N. EL, stock, 
First National Bank, Concord, N. H., stock, 
Laconia National Bank, Laconia, N. H., stock, 
Lancaster Nat'l Bank, Lancaster, N. H., stock, 
Lancaster Trust Co., Lancaster, N. H., stock, 
Exeter Banking Co., Exeter, N. H., stock, 
Amoskeag Mfg. Co., Manchester, N. H., stock 
Manchester Mills, Manchester, N. H,, stock, 
Stark Mills, Manchester, N. H., stock, 
Quincy R.R. Bridge Co., stock, 
Pullman's Palace Car Co. stock, 
Manchester, N. H., Gas Light Co., stock, 
American Express Co. stock, . 
Adams Express Co. stock, 



Securities held as collateral for cash loans : — 



Mortgage notes guaranteed, 
300 shares Swift Refrigerator Trans. Co., 
240 " preferred stock Exeter Mfg. Co., 
Exeter Mfg. Co. bonds, .... 

Mortgage note, 

10 shares Winnipiseogee Paper Co., 



Tar Value. 

$20,000 00 

20,000 00 

30,000 00 

40,000 00 

20,000 00 

12,000 00 

4,500 00 

6,000 00 

2,500 00 

5,000 00 

8,000 00 

2,500 00 

2,500 00 

2,500 00 

1,000 00 

10,000 00 

30,700 00 

10,000 00 

20,000 00 

30,000 00 

2,000 00 

10,000 00 

10,000 00 



Market Value. 

$17,600 00 

22,000 00 

51,000 00 

48,000 00 

23,000 00 

15,000 00 

2,250 00 

7,800 00 

3,000 00 

6,500 00 

24,000 00 

2,500 00 

3,000 00 

2,500 00 

1,000 00 

14,000 00 

30,700 00 

9,000 00 

32,000 00 

51,000 00 

12,000 00 

11,500 00 

15,000 00 



.,510,600 00 $1,784,354 00 



Market Value. 

$6,000 00 
36,000 00 
12,000 00 
12,000 00 
4,000 00 
15,000 00 



Loaned Thereon. 

|5,000 00 
25,000 00 
10,000 00 
10,000 00 
3,300 00 
10,000 00 



$85,000 00 $63,300 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens), 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . . . 
Premiums in course of collection (gross) , 
Gross assets, 



31, 1897. 

$117,247 31 

655,001 99 

1,784,354 00 

63,300 00 

96 98 

177,173 31 

140,146 17 



$2,937,319 76 



Liabilities. 



Losses adjusted, unpaid, . 
Losses claimed and reported, 



,814 12 
74,209 50 



312 



NEW HAMPSHIRE FIRE INSURANCE CO. 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, ...... 



$955,326 74 
28,029 23 



Surplus over capital, 



$1,096,379 59 

$1,840,940 17 
1,000,000 00 



,940 17 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, ....... 

Premiums now in course of collection, . 



$156,842 44 
1,227,919 62 

$1,384,762 06 
140,146 17 



Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest received on mortgages, 



. $1,244,615 89 
218,227 53 

. ■ $1,026,388 36 

28,724 49 
Interest and dividends received from all other sources, . . 86,879 16 

Income from rents, 5,308 68 

Received for increased capital, . . . $100,000 00 



Gross cash income, $1,147,300 69 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 



$509,713 00 
36,992 65 



$472,720 35 
81,000 00 

224,311 35 
50,783 01 
37,618 07 

116,342 86 



Gross cash expenditures, .... 

Risks and Premiums. 



,775 64 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 



Premiums. 

$134,476,064 00 $ 1,807,149 74 
106,626,111 00 1,227,919 62 



$241,102,175 00 $3,035,069 36 
100,826,217 00 1,127,116 79 



$140,275,958 00 $1,907,952 57 
5,933,836 00 74,484 56 



Net amount in force, . 



$134,342,122 00 $1,833,468 01 



NEW YOKK FIRE INSURANCE CO. 



313 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (9 per cent.), . 
Company's stock owned by directors, . . 



$14,457,069 00 

7,647,268 00 

483,854 00 

973,000 00 

81,000 00 

280,000 00 



"NEW YORK FIRE INSURANCE COMPANY," NEW YORK, N. Y, 

[Incorporated April 18, 1832. Commenced business Dec. 22, 1832.] 

Paid-up Capital, $200,000. 

AUGUSTUS COLSON, President. CHARLES A. HULL, Secretary. 



Detailed Statement of Stocks 



Consolidated stock (New York city), 

United States bonds, .... 

Brooklyn city bonds, 

Lake Shore & Mich. Southern R.R. stock 

Brooklyn City R.R. stock, 

Dela., Lackawanna & West. R.R. stock, 

N. Y., New Haven & Hartford R.R. stock, 



and Bonds. 

Par Value. 

$100,000 00 
80,000 00 
50,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 



Market Value. 

$90,000 00 
84,250 00 
50,000 00 
17,100 00 
19,500 00 
15,400 00 
18,350 00 



$270,000 00 $294,600 00 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, . . . 
Interest due and accrued, . . 
Premiums in course of collection (gross) 
Rents due and accrued, . . , 
Gross assets, . 



$100,000 00 

294,600 00 

8,822 69 

3,864 00 

23,927 04 

66 66 



— - $431,280 39 



Liabilities. 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for agency expenses, etc., 
Commissions and brokerage, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$12,761 64 

65,400 85 

2,350 42 

3,589 05 



84,101 96 

$347,178 43 
200,000 00 

$147,178 43 



314 



NEW YORK FIRE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $21,132 75 
Premiums on risks written or renewed, . . 159,822 20 

Total, $180,954 95 

Premiums now in course of collection, . . 23,927 04 

Entire premiums collected, .... $157,027 91 
Less reinsurance and return premiums, . . 25,597 72 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . ... 

Income from rents, 

Taxes refunded, 



Gross cash income, 

Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, . 

Net cash paid for fire losses, . . . 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, .... 



$47,273 86 
236 92 



$131,430 19 

9,000 33 

3,916 69 

967 74 

$145,314 95 



$47,036 94 

12,000 00 

14,108 86 

31,387 84 

4,537 19 

6,668 51 

. $115,739 34 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

.$15,692,518 00 $136,370 26 
. 20,586,111 00 159,822 20 



Total, . . .... 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$36,278,629 00 $296,192 46 
. 19,418,414 00 163,037 47 



,860,215 00 $133,154 99 
313,465 00 2,353 28 



,546,750 00 $130,801 71 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, ... . 



55,591,970 00 

2,486,806 00 

59,181 00 

1,466,000 00 

1 12,000 00 

70,000 00 



NIAGARA FIRE INSURANCE CO. 



315 



"NIAGARA FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated July, 1850. Commenced business August, 1850.] 

Paid-up Capital, $500,000. 

HAROLD HERRICK, President. GEORGE W. DEWEY, Secretary. 



Detailed Statement of Stocks 



United States bonds, . 
New York city school bonds, 
New York city water bonds, 
Jersey City bonds, . 
Albany & Susquehanna bonds, 
Chicago, Milwaukee & St. Paul R'y bonds, 
Morris & Essex R'y Co. bonds, 
Chateaugay Ore & Iron Co. bonds, . 
St. Paul (Minn.) Gas Light Co. bonds, 
Town of Lake (111.) Gas Co bonds, 
Equitable Gas Light Co., Chicago, bonds 
American Dock Improvement bonds, 
County of Essex, N. J., park bonds, 
New York & New England R'y Co. bonds, 
Wabash Railway Co. bonds, 
Chic, St. Paul, Minn. & Omaha R'y Co. bonds, 
New York Central & Hud. River R.R. bonds, 
Lehigh & Wilkesbarre Coal Co. bonds, . 
Brooklyn Union Gas Co. bonds, 
Columbus & Toledo R'y bonds, 
Chicago & Erie R'y Co. bonds, 
Phila. & Reading Coal & Iron Co. bonds, 
Lehigh Coal & Navigation Co. bonds, 
Central Pacific R.R. of Cal. bonds, . 
Northern Pacific R.R. bonds, . 
Atchison, Topeka & Santa Fe R.R. bonds, 
350 shares American Exchange Nat'l Bank, 
200 ' 
300 ' 
134 ' 
50 ' 
200 ■ 
300 
125 



Chicago & Northwestern R'y, 
N. Y., Lackawanna & Western R'y 
Delaware & Hudson Canal Co., 
Western National Bank, . 
Chicago, Milwaukee & St. Paul, 
Central R.R. of New Jersey, . 
Northern Pacific R.R,, 



and Bonds. 

, Par Value. 

$115,000 00 
200,000 00 
60,000 00 
10,000 00 
23,000 00 
25,000 00 
21,000 00 
25,000 00 
15,000 00 
20,000 00 
25,000 00 
10,000 00 
20,000 00 
10,000 00 
20,000 00 
15,000 00 
5,000 00 
20,000 00 
10,000 00 
10,000 00 
20,000 00 
20,000 00 
25,000 00 
50,000 00 
37,500 00 
25,000 00 
35,000 00 
20,000 00 
30,000 00 
13,400 00 
5,000 00 
20,000 00 
30,000 00 
12,500 00 



Market Value. 

$135,975 00 
200,000 00 
60,000 00 
11,175 00 
28,190 00 
30,000 00 
29,400 00 
12,500 00 
15,750 00 
21,000 00 
26,250 00 
11,400 00 
20,400 00 
12,000 00 
21,000 00 
20,100 00 

5,750 00 
20,000 00 
11,000 00 
11,400 00 
22,000 00 
17,000 00 
26,000 00 
50,000 00 
31,125 00 
22,250 00 
58,800 00 
24,000 00 
36,000 00 
14,740 00 

6,250 00 
28,000 00 
28,500 00 

7,000 00 



$ 1,002,400 00 $1,074,955 00 



Summary of Assets Dec. 31, 1897. 
Cash value of unencumbered real estate, . $1,000,000 00 

Loans on mortgage of real estate (first liens*), 302,700 00 



* Total value of property mortgaged, $520,450 00 

Amount of insurance held as collateral, .... 237,500 00 



316 



NIAGARA FIRE INSURANCE CO. 



Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross) 
Notes taken for fire risks, 
Rents due and accrued, 

Gross assets, .... 
Deduct special deposits in other States, 



$3,284 16 

1,074,955 00 

393 91 

119,871 92 

4,202 31 

254,382 38 

333 34 

4,204 98 



!,764,328 00 
116,100,00 



Balance, $2,648,228 00 



Liabilities. 



Total amount of losses, , 
Less reinsurance, . 



Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, , 

Reinsurance disallowed, .... 
Reserved for contingent liability, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, . 



$147,992 79 
14,930 12 



$133,062 67 

1,297,624 47 

43,245 00 

5,024 28 

40,191 21 

75,000 00 



.,594,147 63 

14,882 77 



1,579,264 86 



1,068,963 14 
500,000 00 



$568,963 14 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

xotal, . « • t t i i 
Premiums now in course of collection, , 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . , 

Interest received on mortgages, 

Interest and dividends received from all other 

^Income from rents, 



Gross cash income, 



$259,517 31 
2,133,295 22 



$2,392,812 53 
254,382 38 

$2,138,430 15 
514,835 15 



sources, 



$1,623,595 00 

7,097 00 

44,442 58 

27,328 00 

$1,702,462 58 



THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 317 



Expenditures. 

Cash paid for fire losses, . . . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, . 

Gross cash expenditures, . 



$868,556 01 
129,231 70 

$7,557 67 
6,270 47 



$739,324 31 



1,2,87 20 

50,262 50 

306,768 13 

158,427 68 

40,594 51 

130,704 31 

$1,427,368 64 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

1296,023,321 00 $2,731,311 99 
212,275,658 00 2,133,295 22 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$508,298,979 00 $4,864,607 21 
204,272,901 00 2,031,882 48 



$304,026,078 00 $2,832,724 73 
34,749,603 00 331,503 95 



$269,276,475 00 $2,501,220 78 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, 



$39,859,666 00 

21,782,274 00 

726,536 00 

2,484,000 00 

50,000 00 

145,250 00 



"THE NORTH BRITISH AND MERCANTILE INSURANCE 
COMPANY OF NEW YORK," NEW YORK, N. Y. 

[Incorporated in 1897. Commenced business Oct. 1, 1897.] 

Paid-up Capital, $200,000. 

H. E. BOWERS, President. PERRY DEAN, Asst. Secretary. 



United States bonds, 
New York city bonds, 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

,000 00 $56,250 00 

50,000 00 49,900 00 



318 THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 



Brooklyn city bonds, 
Pennsylvania Co. bonds, 
New York State bonds, 



Par Value. 

$50,000 00 
61,000 00 
50,000 00 



Market Value. 

$53,437 00 
70,455 00 
51,000 00 



$261,000 00 $281,042 00 



Summary of Assets Dec. 31, 1897. 

Stocks and bonds, as per schedule, . . . $281,042 00 

Cash deposited in bank, ..... 23,221 09 

Interest due and accrued, 3,797 00 

Premiums in course of collection (gross), to 

amount of unearned premiums, . . . 7,470 50 

Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, . $7,470 50 

Commissions and brokerage, .... 1,548 68 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



Income. 
Premiums on risks written, .... $15,055 33 
Premiums now in course of collection, . . 10,888 37 

Entire premiums collected, . . . . $4,166 96 

Less reinsurance and return premiums, . . 114 33 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 

Gross cash income, . 

Expenditures. 
Cash paid for commissions and brokerage, .... 

for State and local taxes, 

for miscellaneous, . 

Gross cash expenditures, 

Risks and Premiums. 

Fire risks written during 1897, . . . $3,024,900 00 
Deduct risks expired and terminated, . . 10,500 00 



$315,530 59 



In force at end of year, 



Miscellaneous. 
Premiums received from organization of company, 
Company's stock owned by directors, 



9,019 18 



,511 41 

200,000 00 

,511 41 



t,052 63 
945 25 



t,997 88 



$621 


70 


181 


65 


875 


88 



,679 2^ 



Premiums. 

$15,055 33 
114 33 



5,014,400 00 $14,941 00 



$4,052 63 
5,500 00- 



NORTHERN INSURANCE CO. OF NEW YORK. 



319 



"NORTHERN INSURANCE COMPANY OF NEW YORK," NEW 

YORK, N. Y. 

[Incorporated Oct. 22, 1897. Commenced business Oct. 25, 1897.] 

Paid-up Capital, $200,000. 

LEANDER N. LOVELL, President. JAMES MARSHALL, Secretary. 



Detailed Statement of Stocks and Bonds. 



New York city bonds, 
West Shore R.R. bonds, 
United States bonds, . 



Par Value. 

$200,000 00 
50,000 00 
25,000 00 



Market Value. 

$214,666 68 
54,500 00 
28,656 25 



$275,000 00 $297,822 93 



Summary of Assets Dec. 31, 1897. 



Stocks and bonds, as per schedule, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross). 
Gross assets, 



$297,822 93 

8,897 35 

1,000 00 

47,063 88 



$354,784 16 



Liabilities. 
Losses claimed and reported, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Return premiums, 

Reinsurance, . . . . . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, ..... 



Surplus over capital, 



$11,608 07 

143 75 

$11,464 32 

65,122 35 

12,814 82 

6,099 07 

2,061 82 



97,562 38 

$257,221 78 

200,000 00 

$57,221 78 



Income. 

Premiums on risks written or renewed, . 
Premiums now in course of collection, . 

Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Income from return commissions, . 

Gross cash income, .... 



$163,431 55 
47,063 88 

$116,367 67 
45,447 52 



$70,920 15 
473 75 

$71,393 90 



320 



NORTHWESTERN NATIONAL INSURANCE CO. 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 
Cash paid for commissions and brokerage, 
Cash paid for State and local taxes, 



Gross cash expenditures, 



$4,235 61 
4 20 



Risks and Premiums. 



Fire risks written during 1897, 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $20,376,451 00 

. 3,802,373 00 

. $16,574,078 00 

200,775 00 



$4,231 41 

11,804 74 

480 25 



,516 40 



Premiums. 

$163,431 55 
34,576 56 

$128,854 99 
1,411 62 



.$16,373,303 00 $127,443 37 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$70,920 00 

4,231 00 

15,837 00 

66,900 00 



"NORTHWESTERN NATIONAL INSURANCE COMPANY OF 
MILWAUKEE, WISCONSIN," MILWAUKEE, WIS. 

[Incorporated Feb. 20, 1869. Commenced business July 1, 1869.] 

Paid-up Capital, $600,000. 

ALFRED JAMES, President. WILFORD M. PATTON, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, . . . . . $200,000 00 $224,000 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 250,000 00 298,000 00 

Milwaukee, L. S. & Western R.R. bonds, . 50,000 00 64,000 00 

Milwaukee & Northern R.R. bonds, . . 50,000 00 59,000 00 

Chicago & Northwestern R.R. bonds, . . 100,000 00 112,000 00 

Milwaukee city bonds, . . . . . 117,000 00 122,470 00 

Chicago Sanitary District bonds, . . . 50,000 00 52,500 00 

Waukesha sewerage bonds, .... 30,000 00 31,500 00 

Chicago, Burlington & Quincy R.R. bonds, . 50,000 00 57,000 00 

Atchison, Topeka & Santa Fe Railway bonds, 50,000 00 43,000 00 

Southern Railway Co. bonds, . . * . . 50,000 00 46,500 00 



$997,000 00 $1,109,970 00 



NORTHWESTERN NATIONAL INSURANCE CO. 



321 



Summary of Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens*), $1,015,5.56 67 

Interest due or accrued thereon, . . . 8,795 35 

Stocks and bonds, as per schedule, . . . 1,109,970 00 

Cash in the office of the company, . . . 4,351 59 

Cash deposited in bank, ..... 120,488 02 

Interest due and accrued, . . . . . . 3,166 QQ 

Premiums in course of collection (gross), . 181,307 04 

Gross assets, . . . . ' . . $2,446,635 33 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, ..... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, , 
Paid-up capital, . 

Surplus over capital, .... 



$9,977 96 

55,203 40 

4,400 00 



,581 36 
9,977 04 



),604 32 

1,027,345 01 

47,576 76 

1,140 30 



1,135,666 39 

51,310,968 94 
600,000 00 

$710,968 94 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $93,451 99 

Same not collected, ...-...'. 71 91 

Net collected, ........ $93,380 08 

Premiums on risks written or renewed, . . 1,148,561 19 

Total, ........ $1,241,941 27 

Premiums now in course of collection, . . 184,307 04 



Entire premiums collected, 4 $1,057,634 23 

Less reinsurance and return premiums, . , 144,846 53 

Net cash fire premiums received, . , . — — — $912,787 70 

Interest received on mortgages, ...... 49,986 52 

Interest and dividends received from all other sources, . . 50,402 17 

Income from profit on sale of bonds, ..... 12,165 42 

Gross cash income, ........ $1,025,341 81 



* Value of lands mortgaged, $2,363,180 00 

Value of buildings thereon, 1,784,117 00 

Amount of insurance held as collateral, .... 890,000 00 



322 



NORWALK FIRE INSURANCE CO, 



Expenditures. 

Cash paid for fire losses, „ . . . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents and incidentals, 

Gross cash expenditures, ....'.. 



$338,401 93 
21,406 70 



$316,995 23 

72,000 00 

230,746 91 

101,087 85 

21,702 39 

65,054 61 

$807,586 99 



Fire risks outstanding Dec, 31, 1896 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums, 

$150,961,150 00 $1,654,144 99 
108,041,230 00 1,148,561 19 



Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$259,002,380 00 $2,802,706 18 
72,270,646 00 823,658 49 



$186,731,734 00 $1,979,047 69 
10,385,181 00 95,747 72 



$176,346,553 00 $1,883,299 97 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire and tornado losses incurred during the year, , 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent), 
Company's stock owned by directors, . 



$13,967,992 00 
. 7,004,207 00 
. 342,078 00 
. 1,347,000 00 
72,000 00 
321,400 00 



"NORWALK FIRE INSURANCE COMPANY," NORWALK, CONN. 

[Incorporated 1859. Commenced business May, I860.] 

Paid-up Capital, $200,000. 

ARCHIBALD G. McILWAINE, Jr., President. FERRIS E. SHAW, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

$125,000 00 f 139,208 34 

25,000 00 26,083 34 

5,000 00 5,420 84 

25,000 00 27,593 75 

25,000 00 27,156 25 

20,000 00 21,025 00 

9,000 00 8,685 00 

40,000 00 44,000 00 



United States bonds, . 
New Britain, Conn., bonds, 
New London, Conn., bonds, 
Norwalk, Conn , bonds, . 
South Norwalk, Conn , bonds, 
Willimantic, Conn., bonds, 
Central Ohio R.R. bonds, . 
Central R.R. of New Jersey bonds, 



NORWALK FIRE INSURANCE CO, 



323 



Chesapeake & Ohio R.R. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Chicago & Erie R R. bonds, 
Lehigh Valley Terminal Railroad bonds, 
Milwaukee, Lake Shore & Western R.R. bonds 
New York, Ontario & Western R.R. bonds, 
N. Y., Susquehanna & Western R.R. bonds, 
Philadelphia & Reading Terminal R.R. bonds 
West Shore R.R. bonds, .... 
25 shares Chicago, Burlington & Quincy R.R 
Chicago, Milwaukee & St. Paul R.R 
Chicago, Rock Island & Pacific R.R 
Lake Shore & Michigan South. R.R 
N. Y., Lackawanna & Western R.R 
Central National Bank of Norwalk 
Fairfield County National Bank, 
National Bank of Norwalk, Conn , 
Fourth National Bank, New York, 
German-American Bank, New York 
Norwalk Gas Light Co., . 



65 
33 
30 
50 
15 
8 
18 
40 
15 
23 



Par Value. 

$7,500 00 

5,000 00 

10,000 00 

12,000 00 

3,000 00 

8,000 00 

3,000 00 

10,000 00 

20,000 00 

2,500 00 

6,500 00 

3,300 00 

3,000 00 

5,000 00 

1,500 00 

800 00 

1,800 00 

4,000 00 

1,125 00 

575 00 



Market Value. 

$8,375 00 

5,768 75 

10,966 67 

13,110 00 

4,020 00 

8,486 67 

3,060 00 

11,716 67 

21,700 00 

2,491 67 

7,281 25 

2,970 00 

5,100 00 

5,975 00 

1,455 00 

376 00 

1,746 00 

7,460 00 

1,265 63 

555 83 



$382,600 00 $423,052 66 



Summary of Assets Dec. 31, 1897. 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Reinsurance, 

Gross assets, ..... 

Liabilities. 
Losses adjusted, unpaid, .... 
Losses claimed and reported, . 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Reinsurance, . . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, 



$423,052 66 

1,777 41 

53,868 98 

6,375 34 

30,324 31 

20 12 



$201 00 
12,719 00 

$12,920 00 
540 00 

$12,380 00 

102,461 18 

2,086 20 

6,767 80 

3,388 89 

254 93 



$515,418 82 



127,339 00 

$388,079 82 

200,000 00 

$188,079 82 



324 



NORWALK FIRE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $32,245 52 
Premiums on risks written or renewed, . . 220,248 98 



Total, . . . . . ■ i . . $252,494 50 
Premiums now in course of collection, . . 30,324 31 

Entire premiums collected, .... $222,170 19 
Less reinsurance and return premiums, . . 64,975 48 

Net cash fire premiums received, . 
Interest and dividends received from all sources, 



#157,194 71 
17,164 39 



Gross cash income, . $174,359 10 



Expenditures. 
Cash paid for fire losses, ..... 
Deduct salvage and reinsurance, . , 
Net cash paid for fire losses, . 
Cash paid for commissions and brokerage, 

,for salaries of officers and employees, 
for State and local taxes, 
for rents and incidentals, 



$59,723 89 
6,246 20 



$53,477 69 

35,044 14 

9,582 48 

3,025 26 

7,422 27 



Gross cash expenditures, . 



,551 84 



Fire risks outstanding Dec 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

.$16,661,085 00 $158,613 99 
. 26,072,616 00 220,248 98 



Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. $42,733,701 00 $378,862 97 

. 18,523,561 00 158,997 62 

.|24,210,140 00 $219,865 35 

. 3,077,841 00 34,353 91 



$21,132,299 00 $185,511 44 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Company's stock owned by directors, .... 



$768,944 00 

285,403 00 

57,186 00 

122,425 00 

2,700 00 



NORWOOD INSURANCE CO. 



325 



"NORWOOD INSURANCE COMPANY OF NEW YORK," NEW 

YORK, N. Y. 

[Incorporated Sept. 20, 1895. Commenced business Sept. 21, 1895.] 

Paid-up Capital, $200,000. 

JOHN" W. MURRAY, President. J. JAY NESTELL, Secretary. 

Detailed Statement of Stocks and Bonds. 



New York city bonds, 
Brooklyn city bonds, 



Par Value. Market Value. 

. |175,000 00 $175,750 00 
20,000 00 20,900 00 



$195,000 00 $196,650 00 



Summary op Assets Dec. 31, 1897. 

Stocks and bonds, as per schedule, . . . $196,650 00 

Cash in the office of the company, . . „ 3,397 71 

Cash deposited in bank, 28,276 59 

Interest due and accrued, ..... 1,245 82 

Premiums in course of collection (gross), . 38,597 73 

Reinsurance, 896 90 

Prem's more than three mos. due, . $6,863 84 

Gross assets, ...... _-«__ 



$269,064 75 



Liabilities. 

Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Reinsurance, ..... 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



$19,709 61 
1,852 89 

$21,562 50 
785 00 



$20,777 


50 


23,447 


90 


7,719 


55 


264 57 


65 53 



52,275 05 

^216,789 70 
200,000 00 



Surplus over capital, . 



$16,789 70 



326 



NORWOOD INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, . . . 

Net collected, ...... 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, . . 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1896, . 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash marine premiums received, 
Interest and dividends received from all sources, 
Received for calls on capital, .... 

Gross cash income, 

Expenditures. 
Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

Gross cash expenditures, . 

Risks and Premiums. 



$181,451 94 




6,261 38 




$175,190 56 




269,163 98 




$444,354 54 




38,347 73 




$406,006 81 




354,628 79 




— — — — 


$51,378 02 


$2,622 99 




78,106 80 




$80,729 79 




250 00 




$80,479 79 




72,541 43 






7,938 36 




. 


5,188 89 


$25,000 48 





$237,011 07 
64,235 85 



$41,770 62 
3,394 21 



,505 27 



$172,775 22 



38,376 41 
10,000 00 
67,421 99 
23,230 22 
8,477 52 
18,256 51 

$338,537 87 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 

Deduct amount reinsured, . . 

Net amount in force, . • . 



. $40,903,580 00 
. 20,133,688 00 



Premiums. 

$469,819 94 

269,163 98 

$738,983 92 

454,296 92 

$284,687 00 

238,241 41 

5,672,650 00 $46,445 59 



.$61,037,268 00 

. 24,669,661 00 

. $36,367,607 00 

. 32,694,957 00 



ORIENT INSURANCE CO. 



327 



Marine risks outstanding Dec. 31, 1896, . 
Marine risks written during 1897, . 



M ,624,970 00 
3,892,129 00 



Total, . . . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $5,517,099 00 

. 2,438,668 00 

. $3,078,431 00 

. ' 3,073,431 00 



$5,000 00 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Marine losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (5 per cent.), . 

Company's stock owned by directors, . 



Premiums. 

$52,819 19 
78,106 80 

$130,925 99 
42,614 57 



,311 42 
88,061 42 

$250 00 



,305,520 00 

445,735 00 

165,105 00 

42,122 00 

30,000 00 

10,000 00 

110,575 00 



"ORIENT INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated June, 1867. Commenced business January, 1872.] 

Paid-up Capital, $500,000. 

CHARLES B. WHITING, President. JAMES U. TAINTOR, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

American Nat'l Bank, Hartford, . $25,200 00 $35,280 00 

JEtna National Bank, Hartford, . 12,200 00 17,080 00 

Charter Oak N'l Bank, Hartford, . 13,000 00 12,350 00 

Farm. & Mech. N'l B'k, Hartford, 10,400 00 11,648 00 

Mercantile Natl Bank, Hartford, 15,200 00 4,560 00 

Phoenix National Bank, Hartford, 7,400 00 9,398 00 

Exchange Nat'l Bank, Hartford, . 10,000 00 12,000 00 

City National Bank, Hartford, . 11,300 00 11,752 00 

First National Bank, Hartford, . 7,100 00 7,952 00 

Hartford Natl Bank, Hartford, . 100,000 00 136,000 00 

Conn. T. and S Dep. Co,, Hart., . 10,000 00 16,500 00 

Thames Nat'l Bank, Norwich, . 20,000 00 30,000 00 

First National Bank, Norwich, . 8,000 00 8,000 00 

Rockville Nat'l Bank, Rockville, . 600 00 600 00 

Mechanics' Nat'l Bank, New York, 7,550 00 14,345 00 

Holland Trust Co., New York, . 5,000 00 3,750 00 

N'l Ger. Am. B'k, St Paul, Minn , 2,500 00 1,875 00 

N. Y., N. H. & Hartford R.R., . 80,400 00 147,132 00 

Pennsylvania R.R., . . . 20,200 00 23,028 00 

N. Y. C. & H. R. R.R., . . . 22,000 00 23,320 00 

Union Pacific RR., . . . 5,000 00 1,300 00 



504 s 


bares 


122 


ti 


130 


u 


104 


tt 


152 


It 


74 


tt 


200 


tt 


113 


ii 


71 


tt 


1,000 


it 


100 


(( 


200 


tt 


80 


tt 


6 


k 


302 


it 


50 


(t 


25 


tt 


804 


tt 


404 


tt 


220 


tt 


50 


tt 



328 



ORIENT INSURANCE CO. 



Par Value. Market Value. 

100 shares Central Pacific RR, .. . . f 10,000 00 $1,100 00 

400 " Cleveland & Pittsburgh R.R. Co., 20,000 00 33,600 00 

300 " C, B. & Quincy R.R., . . . 30,000 00 30,000 00 

300 " Illinois Central R.R., . . . 30,000 00 29,950 00 

200 " Chic, Rock Island & Pacific R.R., 20,000 00 18,000 00 

170 " Southern Railway Co., . . . 17,000 00 5,270 00 

100 " Chicago & Northwestern R.R , . 10,000 00 16,300 00 

100 " Delaware & Hudson Canal Co., . 10,000 00 11,100 00 

150 " Cleve., Term. & Valley RR. Co., . 15,000 00 1,500 00 

100 " Rensselaer & Saratoga R.R. Co., . 10,000 00 17,600 00 

100 " Chic. Jet. R'y & U. S'k Yd. Co., . 10,000 00 10,900 00 

200 " Morris & Essex R R. Co., . . 10,000 00 16,800 00 

50 " Old Colony R R. Co., . . . 5,000 00 9,350 00 

300 " Northwestern Telegraph Co., . 15,000 00 16,500 00 

50 " Connecticut River R.R. Co., . . 5,000 00 12,750 00 

200 " Minn & St. Louis RR, . . 20,000 00 17,600 00 

84 " Detroit, Gr. Rapids & West. R.R., 8,400 00 2,100 00 

75 " Norfolk & Western R.R., . . 7,500 00 3,525 00 

113 " Atchison, Topeka& Santa FeR.R., 11,300 00 3,390 00 

100 " Southwestern R.R. Co. of Georgia, 10,000 00 9,600 00 

100 " American Sugar Refining Co., . 10,000 00 11,400 00 

Georgia State bonds, 25,000 00 29,250 00 

County of Coffey, Kan , bonds, . . . 10,000 00 10,600 00 

County of Dickinson, Kan , bonds, . . . 10,000 00 10,600 00 

County of Finney, Kan., bonds, . . . 10,000 00 10,700 00 

County of Kidder, Dak., bonds, . . . 5,000 00 5,300 00 

County of Wichita, Kan , bonds, . . . 4,000 00 4,240 00 

County of Pierce, Wash., bonds, . . . 10,000 00 10,600 00 

County of Glynn, Ga., bonds, . . . . 10,000 00 10,300 00 

County of White, Tenn., bonds, . . . 8,000 00 8,000 00 

City of Evansville, Ind., bonds, . . . 20,000 00 20,000 00 

City of New Brunswick, N. J., bonds, . . 10,000 00 10,100 00 

City of Richmond, Va., bonds, .... 24,000 00 30,240 00 

City of Norfolk, Va , bonds, .... 20,00000 21,60000 

City of Sioux Falls, Dak., bonds, . . . 13,000 00 14,300 00 

City of Wichita Falls, Tex., bonds, . . . 10,000 00 10,000 00 

City of Fort Worth, Tex., bonds, . . . 10,000 00 10,000 00 

City of Fayetteville, N. C, bonds, . . . 10,000 00 10,300 00 

Town of Thomaston, Conn., bonds, . . . 15,000 00 15,750 00 

Medicine Lodge Township, Kan., bonds, . . . 5,000 00 4,000 00 

Bethany Township, Kan., bonds, . . . 4,000 00 4,240 00 

Oswego Township, Kan , bonds, . . . 5,000 00 5,000 00 

Precinct of Stanton, Neb., bonds, . . . 8,000 00 8,560 00 

Precinct of Beaver, Neb., bonds, . . . 5,000 00 5,350 00 

Vermont Valley R.R. Co. bonds, . . . 25,000 00 27,500 00 

Pittsburgh, Cleveland & Toledo R.R. bonds, . 10,000 00 10,000 00 

Kansas Pacific R.R. bonds 10,000 00 8,500 00 

C, C, Cincinnati & Indianapolis R.R. bonds, . 35,000 00 45,000 00 



ORIENT INSURANCE CO. 



329 



Morris & Essex R.R. bonds, 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Dayton & Michigan R.R. bonds, 

Terre Haute & Logansport R.R. bonds, . 

Chicago, Burlington & Northern R R. bonds, 

Ohio & West Virginia R.R. bonds, . 

Columbus & Toledo R R. bonds, 

Cincinnati, Jackson & Mackinaw R R. bonds, 

East. Tenn , Virginia & Georgia R.R bonds, 

Southern R.R. bonds, .... 

Detroit, Grand Rapids & West'n R R. bonds, 
Hartford Street Railway bonds, 
Anderson, Ind., Electric Street R'y Co. bonds, 
Philadelphia & Reading R.R Co. bonds, . 
Indiana & Lake Michigan R.R. Co bonds, 
Atchison, Topeka & Santa Fe R.R. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
N. Y., N. H. & H. R R bonds, . 
Norfolk & Western R R. bonds, 
Cleveland, Terminal & Valley R.R. bonds, 
Baltimore Belt R.R. Co. bonds, 
Cincinnati, Dayton & Ironton R.R., . 
Kanawha & Michigan R.R., 
Chicago, Rock Island & Pacific bonds, 
West Chicago St. R.R. Tunnel Co. bonds, 
Minneapolis & St. Louis R.R. Co. bonds,. 
Savannah, Florida & Western R.R. bonds, 
Brooklyn Wharf & Warehouse Co. bonds, 
Territory of Arizona funding bonds, 
Iowa Mortgage q 0> trust debenture notes, 
Rutland and Grafton district, 111., bonds, . 
First Baptist Church, Nashville, Tenn., bonds, 
Alexandria, Ind., water works bonds, 
Kansas school bonds, ...... 

Nebraska school bonds, . 
Dakota school bonds, 
Wyoming Territory school bonds, 
Colorado school bonds, 
Texas school bonds, . 
Washington school bonds, 
Arizona Improvement Co. bonds, 



Securities held as collateral for cash loans 

4 shares iEtna Fire Ins. Co., . 
24 " Adams Express Co , . 



Tar Value. 

$10,000 00 

20,000 00 

25,000 00 

14,000 00 

1,500 00 

3,000 00 

13,000 00 

12,000 00 

15,000 00 

6,000 00 

8,500 00 

40,000 00 

10,000 00 

10,000 00 

20,000 00 

11,500 00 

5,100 00 

32,200 00 

6,500 00 

10,000 00 

20,000 00 

10,000 00 

25,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

25,000 00 

25,000 00 

2,000 00 

2,000 00 

11,500 00 

9,000 00 

19,477 00 

11,910 91 

7,400 00- 

3,000 00 

8,000 00 

15,000 00 

10,000 00 

10,000 00 



Market Value. 

$14,400 00 

28,200 00 

27,500 00 

11,200 00 

1,605 00 

3,150 00 

14,560 00 

4,800 00 

16,500 00 

5,640 00 

6,545 00 

41,600 00 

10,000 00 

11,800 00 

16,000 00 

8,995 00 

5,739 00 

46,368 00 

5,070 00 

7,500 00 

16,000 00 

11,100 00 

19,250 00 

10,700 00 

10,100 00 

10,600 00 

10,800 00 

24,500 00 

26,000 00 

1,000 00 

2,000 00 

11,845 00 

9,540 00 

20,810 85 

12,823 78 

8,052 00 

3,360 00 

8,800 00 

15,600 00 

10,800 00 

8,000 00 



.,535,837 91 $1,705,088 63 



Market Value. 
$1,100 00 

3,720 00 



Loaned Thereon. 

$400 00 
1,350 00 



$4,820 00 $1,750 00 



330 



ORIENT INSURANCE CO. 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rent due and accrued, .... 

Gross assets, 

Deduct special deposits in other States, . 



Liabilities. 



Balance, 

Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, ..... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, . 

Surplus as regards policy holders, . 
Paid-up capital, ..... 

Surplus over capital, .... 

Income. 
Fire premiums outstanding Dec. 31, 1896, 
Same not collected, 

Net collected, ..... 
Premiums on risks written or renewed, . 

Total, ....... 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



31, 1897. 

$58,959 43 

267,350 66 

5,583 64 

1,705,088 63 

1,750 00 

9,356 33 

108,390 12 

12,437 84 

253,657 06 

207 90 



- $2,422,781 61 
107,528 00 

. $2,315,253 61 



1149,162 25 
20,871 25 



$170,033 50 
18,528 14 

$151,505 36 

993,736 38 

76,097 12 

13,982 48 



1,235,321 34 
43,797 57 



1,191,523 77 

11,123,729 84 

500,000 00 

$623,729 84 



$258,803 26 
7,054 33 

$251,748 93 
1,603,420 76 

^,855,169 69 
250,472 66 

^1,604,697 03 
375,832 97 



.,228,864 06 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



,267 00 
127,760 00 



ORIENT INSURANCE CO. 



331 



Marine premiums outstanding Dec. 31, 1896, . $1,271 18 

Premiums on risks written or renewed, . . 35,754: 73 

Total, . . . . . . . $37,025 91 

Premiums now in course of collection, . , 3,184 40 

Entire premiums collected, . $33,841 51 

Less reinsurance and return premiums, , . • 5,555 77 

Net cash marine premiums received, . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 

Gross cash income, . . , . 



$28,285 74 

14,233 05 

77,810 12 

679 19 

,349,872 16 



Expenditures. 
Cash paid for fire losses, . 
Deduct salvage and. reinsurance, 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, . 

Gross cash expenditures, . 

Risks and Premiums. 



$746,450 54 
65,625 42 

$21,484 94 
3,832 78 



$680,825 12 



17,652 16 

50,000 00 

240,128 17 

109,946 75 

33,091 06 

81,895 51 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, . 

Total, 

Deduct risks expired and terminated, 



$160,128,290 00 

123,010,730 00 

$283,139,020 00 

121,561,513 00 

1161,577,507 00 

3,782,341 00 



.,213,538 77 



Premiums. 

^1,943,786 88 
1,603,420 76 

13,547,207 64 
1,602,230 59 



,944,977 05 
30,803 59 



$157,795,166 00 $1,914,173 46 



. $679,213 00 

. 1,182,688 00 

. $1,861,901 00 

985,608 00 



$21,320 05 
35,754 73 

$57,074 78 
28,379 47 



In force at end of year, 



$876,293 00 $28,695 31 



332 



PACIFIC FIRE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Marine and inland losses incurred during the } r ear, 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, . 



$18,195,365 00 

. 11,224,028 00 

672,488 00 

21,752 00 

. 1,115,000 00 

50,000 00 

71,450 00 



"PACIFIC FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April 16, 1851. Commenced business April 29, 1851.] 

Paid-up Capital, $200,000. 

FRANK T. STINSON, President. GEORGE JEREMIAH, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

$150,000 00 

215,000 00 

10,000 00 

22,000 00 

15,000 00 

10,000 00 

5,000 00 



United States bonds, . . 

New York city bonds, ..... 

Broadway & Seventh Avenue R.R. bonds, 

New York Central & Hudson River R.R. stock, 

Rome, Watertown & Ogdensburg R.R. stock, . 

Brooklyn city bonds, . 

500 shares Brooklyn City R.R , 



Market Value. 

$ 191,812 50 

215,000 00 

10,500 00 

23,320 00 

18,150 00 

10,250 00 

9,750 00 



|427,000 00 $478,782 50 



Securities held as collateral for cash loans : — 

v 



Market Value. Loaned Thereon. 

Syracuse, Binghamton & N. Y. R.R. bonds, . $2,300 00 $1,000 00 



Summary of Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens*), $259,000 00 

Interest due or accrued thereon, . . . 2,136 75 

Stocks and bonds, as per schedule, . . . 478,782 50 

Loans on collateral security, as per schedule, . 1,000 00 

Cash in the office of the company, . . . 3,452 18 

Cash deposited in bank, 17,614 37 

Interest due and accrued, . . . . , 1,494 17 

Premiums in course of collection (gross), . 74,092 20 

Rents due and accrued, 200 00 

Prem's more than three mos. due, $4,636 03 

Gross assets, ...... 



$837,772 17 



* Value of lands mortgaged, «, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$204,000 00 
288,000 00 
259,000 00 



PACIFIC FIRE INSURANCE CO. 



333 



Liabilities. 
Losses adjusted, unpaid, . . . . 
claimed and reported, . . 
disputed or resisted, , 

Total amount of losses, ...'.-, 
Less reinsurance, ...,., 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, .... 

Return premiums, , 

Reinsurance, ....... 

Reinsurance disallowed, . . . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, . 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, ..... 

Net collected, . 

Premiums on risks written or renewed, . 

Total, ........ 

Premiums now in course of collection, . 

Entire premiums collected, ....",, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources 

Gross cash income, ..... 

Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for rent, ..... 
for miscellaneous, . , , 

Gross cash expenditures, , , 



$14,846 34 




29,502 37 




8,669 00 




$53,017 71 




2,038 91 




$50,978 80 




286,653 49 




7,356 50 




17,041 21 




5,186 45 




5,488 76 




12,269 44 




____ 


$384,974 65 


. . 


$452,797 52 


... 


200,000 00 


. 


$252,797 62 


$62,276 85 




930 77 




$61,346 08 




484,694 82 




$546,040 90 


- 


78,728 23 




$467,312 67 




95,426 36 




— — - 


$371,886 31 


. 


12,745 00 


urces, . 


14,123 79 


1*0 


$398,755 10 


$180,292 17 




9,750 92 




— — 


$170,541 25 


. 


20,000 00 


. 


81,673 56 


< . 


37,293 21 


. . 


10,333 61 


. 


2,475 00 


. 


26,436 62 


• • . 


$348,753 25 



334 



PENNSYLVANIA FIRE INSURANCE CO. 



Fire risks outstanding Dee 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

• 157,023,234 00 $574,006 10 
. 50,251,677 00 484,694 82 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . . . 
Deduct amount reinsured, 

Net amount in force, . 



$107,274,911 00 $1,058,700 92 
. 45,082,843 00 461,004 67 



. $62,192,068 00 $597,696 25 

. 4,727,272 00 41,071 72 



.$57,464,796 00 $556,624 53 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



£8,247,559 00 

4,365,678 00 

187,978 00 

1,438,000 00 

20,000 00 

47,050 00 



"PENNSYLVANIA FIRE INSURANCE COMPANY," 
PHILADELPHIA, PA. 

[Incorporated March, 1825. Commenced business April, 1825.] 

Paid-up Capital, $400,000. 

R. DALE BENSON, President. W. GARDNER CROWELL, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, . $95,000 00 $107,850 00 

Philadelphia city loans, ..... 17,000 00 18,870 00 

Phila., Wilmington & Bait R.R. certificates, . 115,000 00 124,750 00 

Philadelphia & Erie R.R. bonds, . . . 75,000 00 89,250 00 

Pennsylvania R.R. bonds, . . . . 99,000 00 120,800 00 

Easton & Amboy R.R. bonds, . . . . 50,000 00 54,000 00 

Philadelphia & Reading R.R. Co. bonds, . . 37,500 00 48,625 00 

Reading Co. and Phila. & Reading C. & I. Co , 50,000 00 43,000 00 

Phila. & Reading R.R. Terminal Co bonds, . 100,000 00 118,000 00 

Lehigh Valley R.R. Co bonds, . , . 183,000 00 207,660 00 

Elmira & Williamsport R.R. Co. bonds, . .. 25,000 00 30,750 00 

West Jersey R.R. Co. bonds, .... 10,000 00 10,500 00 

Pennsylvania & N. Y. Canal & R.R Co. bonds, 122,000 00 121,900 00 

Chicago & Western Indiana R.R. bonds, . . 135,000 00 160,500 00 

Chicago, Burlington & Quincy R.R , . . 100,000 00 118,000 00 

Jacksonville Southeastern Railway Co., . . 11,000 00 11,000 00 

Shamokin, Sunbury & Lewisburg R R. Co , . 20,000 00 20,400 00 

Terre Haute & Logansport R.R. Co , . . 50,000 00 47,500 00 

New York & Long Branch R.R., . . . 25,000 00 27,500 00 



PENNSYLVANIA FIKE INSURANCE CO. 



335 



St. Paul & Northern Pacific R.R., . 
Lehigh Valley Coal Co., .... 

Pittsburgh, McKeesport & Youghiogheny R.R 
Pittsburgh, Cincinnati & St. Louis R.R., . 
Cleve., Columbus, Cin. & Indianapolis R.R., 
New York, Susquehanna & Western R R., 
Lake Shore & Michigan Southern R'y Co., 
Lehigh Coal & Navigation Co., 
Buffalo & Susquehanna R R. Co., 
Baltimore & Ohio R.R. Co., 
Indiana & Vincennes R R. Co., 
Chicago & Erie R.R. Co., .... 

Baltimore & Potomac R.R. Co., 
McKeesport & Belle Vernon R.R. Co., . 
Knoxville Water Co., .... 

Western Transit Co., .... 

Lehigh Coal & Navigation Co., 

Chesapeake & Delaware Canal Co., 

Delaware Division Canal Co., . 

Car Trust of New York, 

St. Louis city bonds, ...... 

Cincinnati city bonds, .... 

City of Springfield, 111., bonds, 

City of Topeka, Kan., internal improv. bonds 

City of Dayton, Ohio, bonds, . 

City of Columbus, Ohio, bonds, 

City of Dayton, Ohio, bonds, , 

City of Quincy, 111., bonds, 

City of Sandusky, Ohio, bonds, 

Kansas City, Kan., internal improv. bonds, 

Newark, Ohio, bonds, .... 

Wabash R.R. Co. bonds, .... 

Pittsburgh Junction Terminal Co. bonds, 
Newburgh & New York R.R. Co. bonds, 
Northern Central R.R. Co. bonds, . . 
Baltimore & Ohio R.R. Co. bonds, . 
Baltimore Belt R.R. Co. bonds, 
West Knoxville General Improv. Co. bond?, 
Atlantic City R.R. Co. bonds, . 
Camden Horse R.R Co. bonds, 
Bellefonte Central R.R. Co. bonds, . 
Evansville & Terre Haute R R. Co. bonds, 
Sch. Dist. of the Borough of Sewickley, Pa., b'ds, 
West Jersey & Seashore R R. Co. bonds, 
City of Duluth, Minn., bonds, . 
Pittsburgh & Connellsville R.R Co. bonds, 
Terminal R.R. Association of St. Louis, . 
Lynn & Boston R.R. bonds, 



Par Value. 

$50,000 00 
50,000 00 
20,000 00 
50,000 00 
30,000 00 

100,000 00 
50,000 00 

100,000 00 
47,000 00 
10,000 00 
43,000 00 
50,000 00 
15,000 00 
50,000 00 
15,000 00 
50,000 00 
20,000 00 
10,000 00 
25,000 00 
4,000 00 
25,000 00 
48,000 00 
35,000 00 
15,096 00 
32,000 00 
50,000 00 
35,000 00 
25,000 00 
16,500 00 
3,000 00 
12,000 00 
20,000 00 
25,000 00 
15,000 00 
18,000 00 
50,000 00 
50,000 00 
20,000 00 
30,000 00 
25,000 00 
2,500 00 
25,000 00 
24,000 00 
28,000 00 
47,000 00 
50,000 00 
50,000 00 
50,000 00 



Market Value. 

$61,000 00 
49,000 00 
26,400 00 
55,000 00 
37,500 00 

107,000 00 
60,500 00 

104,000 00 
47,000 00 
11,000 00 
45,150 00 
56,000 00 
18,300 00 
65,000 00 
15,000 00 
51,000 00 
21,600 00 
5,300 00 
23,750 00 
4,000 00 
29,500 00 
55,580 00 
35,700 00 
15,096 00 
35,840 00 
51,280 00 
36,400 00 
25,000 00 
16,830 00 
3,000 00 
12,720 00 
15,600 00 
25,000 00 
15,000 00 
21,060 00 
45,000 00 
40,000 00 
20,000 00 
32,100 00 
25,500 00 
2,500 00 
18,500 00 
25,200 00 
29,120 00 
48,410 00 
52,000 00 
55,000 00 
51,500 00 



336 



PENNSYLVANIA FIRE INSURANCE CO. 



Pine Creek R'y Co. bonds, . 

Sanitary Dist., Chicago, 111., municipal bonds, 

Chicago & Northwestern R'y Co. sinking fund, 

City of Duluth, Minn., warrants, 

The Lehigh Valley R.R. Co. collateral trust, 

Jacksonville & St. Louis R'y Co. bonds, . 

200 shares Philadelphia National Bank, . 

14 " Philadelphia Bourse, 
440 " Bellefonte R R. Co , 
144 " Reading Co., .... 
210 " Grand Rapids & Indiana R.R. Co., 

98 " Bank of Montgomery, Indiana, 



Securities held as collateral for cash loans 

16 shares First Nat'l B'k, Shippensburg, Pa 

750 " Insurance Co. of North America, 

62 " North Pennsylvania R.R. Co., 

100 " Norristown Title & Trust Co., 

15 " Manayunk National Bank, 

100 " Huntingdon & Broad Top R.R. Co 

20 " Commercial National Bank, . 

4 " Bank of North America, . 

30 " Ninth National Bank, 

7 " Moorestown National Bank, . 

5 " Burl. County Safe Dep. & T. Co., 
5 " Fire Ins. Co , County of Phila., 

31 " Insurance Co. of North America, 
25 " Western National Bank, . 

50 " New England Loan & Trust Co., 
60 " Mechanics' 1 Insurance Co., 
10 " Reliance Insurance Co., . 
10 " Philadelphia Traction Co., 
60 " Fairmount Ice Manufacturing Co 
4 " Keystone Ice Manufacturing Co , 
10 " Contract. Surety, Title & Trust Co. 
10 " German American Fire Ins. Co., 

105 " Lehigh Coal & Navigation Co., 
10 " Commonw'lth Title & Trust Co., 

Pittsburgh, Cincinnati & St. Louis R'y Co., 

60 shares North Pennsylvania R.R. Co., . 

40 " Pennsylvania R.R. Co., 

Union Pacific, Denver & Gulf R'y Co., . 

Bellefonte Central R.R. Co., 

100 shares Wm. J. McCahan Sugar Ref. Co., 



Par Value. 

$50,000 00 

23,000 00 

47,000 00 

26,979 00 

66,000 00 

44,500 00 

20,000 00 

700 00 

22,000 00 

7,200 00 

21,000 00 

9,800 00 



Markf t Value. 

$67,500 00 

23,000 00 

53,110 00 

26,979 00 

67,320 00 

17,350 00 

40,000 00 

2^0 00 

5,500 00 

1,710 00 

1,575 00 

9,800 00 



|3,272,775 00 $3,499,915 00 



Market Value. 

$2,880 00 
12,000 00 
5,580 00 
9,000 00 
2,700 00 
1,000 00 ) 
640 00 S 
1,000 00 
4,050 00 1 
1,582 00 J 
350 00 } 
550 00 j 
744 00 J 
1,750 00 } 
5,000 00 S 
2,100 001 
600 00 | 
780 00 
120 00 
100 00 | 
250 00 J 
4,000 00 
4,200 00 n 
680 00 S 
1,100 00 ) 
5,400 00 n 
2,280 00 i 
4,410 00 ) 
4,000 00 
10,000 00 



Loaned Thereon. 

$2,300 00 

12,000 00 

3,500 00 

6,500 00 

2,000 00 

1,350 00 

500 00 



5,900 00 



5,000 00 

3,000 00 

2,800 00 
5,000 00 

10,000 00 

2,000 00 
7,500 00 

,846 00 $69,350 00 



PENNSYLVANIA FIRE INSURANCE CO. 



337 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



Balance, $5,012,436 04 



31, 1897. 

$183,500 00 

929,600 00 

18,385 86 

3,499,915 00 

69,350 00 

2,189 20 

150,499 25 

729 57 

266,117 16 



1,120,286 04 
107,850 00 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, , 
disputed or resisted, 

Total amount of losses, ". 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Reinsurance not allowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, . 

Income 

Fire premiums outstanding Dec. 31, 1896. 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



$54,111 26 

154,612 14 

13,726 00 

$222,449 40 
14,833 22 

$207,616 18 

1,467,704 72 

823,239 42 

24,000 00 

12,680 14 

2,535,240 46 
48,520 54 



2,486,719 92 

. $2,525,716 12 
400,000 00 

. $2,125,716 12 



$281,685 68 

2,216,195 47 

$2,497,881 15 

266,117 16 

$2,231,763 99 

507,637 04 



,724,126 95 



* Total value of property mortgaged, . 
Amount of insurance held as collateral, 



$2,401,850 00 
730,400 00 



338 



PENNSYLVANIA FIRE INSURANCE CO. 



Interest received on mortgages, . . . . . $42,368 52 

Interest and dividends received from all other sources, . . 160,811 67 

Income from rents, . . . . ... . . 1,685 00 

Income from transfers, . . . . . ... 413 00 

Deposits received for perpetual lire risks, . $43,393 23 



Gross cash income, . 



. $1,929,405 14 



Expenditures. 

Cash paid for fire losses, . . . _ ■ . . $964,136 21 

Deduct salvage and reinsurance, . . . 66,919 41 

Net cash paid for tire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Deposits returned on perpetual fire risks, . $21,335 03 



$897,216 80 

80,000 00 

404,101 30 

131,378 00 

45,887 06 

64,142 26 



Gross cash expenditures, . 



$1,622,725 42 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1896, . $309,215,864 00 $2,942,077 81 
Fire risks written during 1897, . . 224,993,253 00 2,216,195 47 



Total, 

Deduct risks expired and terminated, 



$534,209,117 00 $5,158,273 28 
191,507,222 00 2,050,365 04 



In force at end of year, 
Deduct amount reinsured, 



$342,701,895 00 $3,107,908 24 
19,607,131 00 203,564 20 



Net amount in force, . 



$323,094,764 00 $2,904,344 04 



Perpetual risks in force (not incl 1 d above), $36,344,362 00 $901,542 52 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (20 per cent.), 

Company's stock owned by directors, .... 



$32,848,465 00 

. 17,808,742 00 

942,369 00 

. 2,929,000 00 

80,000 00 

55,100 00 



PHENIX INSURANCE CO. 



339 



" PHENIX INSURANCE COMPANY," BROOKLYN, N. Y. 

[Incorporated Sept. 10, 1853. Commenced business Sept. 10, 1853.] 

Paid-up Capital, $1,000,000. 

GEORGE P. SHELDON, President. WM. A. WRIGHT, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $480,000 00 $584,900 00 

State of Virginia bonds, 100,000 00 69,000 00 

City of Richmond, Va., bonds, .... 21,000 00 21,000 00 

New York city consolidated stock, . . . 762,000 00 762,000 00 

Louis., Henderson & St. Louis R'y Co. bonds, . 17,500 00 17,500 00 

Chic, Pad. & Mem. R.R. Co. Car Trust certif's, 25,000 00 25,000 00 

Missouri, Kansas & Texas Railway Co. bonds, 50,000 00 40,000 00 

Mobile & Ohio R.R. Co. bonds, . . . 15,000 00 13,125 00 

Reading Co. & Phila. & Reading C. & I. Co. b'ds, 100,000 00 85,000 00 

N. Y., New Haven & Hart. R.R. Co. debentures, 200,000 00 288,000 00 

Missoula County, M. T., bonds, . . . 12,000 00 12,000 00 

U. S. Illuminating Co. bonds 25,000 00 25,000 00 

St. Joseph Gas Co. bonds, .... 50,000 00 42,500 00 

Buffalo Gas Co. bonds, ..... 50,000 00 50,000 00 

1,000 shares Chicago & Alton R.R. Co., . . 100,000 00 163,000 00 

1,000 " Delaware, Lacka. & Western R.R., 50,000 00 79,000 00 

1,000 " Chicago & Northwestern R.R. Co., 100,000 00 123,000 00 

1,000 " Delaware & Hudson Canal Co., . 100,000 00 113,000 00 

1,000 " Chic, St. P., Minn. & Om. R.R. Co., 100,000 00 78,000 00 

500 " Syracuse, Bing. & N. Y. R.R. . 50,000 00 81,500 00 

2,000 " Rensselaer & Saratoga R.R., . 200,000 00 368,000 00 

1,000 " Chic, Rock Island & Pacific R'y,. 100,000 00 91,000 00 

200 " Natl Shoe & Leather Bank, N. Y., 20,000 00 19,000 00 

386 " Nat'l Bank of the Republic, N. Y., 38,600 00 61,760 00 

87 " Nat'l Bank of Commerce, N. Y., . 8,700 00 18,270 00 

200 " Fourth National Bank, N. Y., . 20,000 00 38,000 00 

100 " Mercantile National Bank, N. Y , 10,000 00 17,500 00 

253 " National Park Bank, N. Y., . . 25,300 00 69,575 00 

1,200 " Chatham National Bank, N. Y., . 30,000 00 87,000 00 

408 " Mechanics' Bank, Brooklyn, . 20,400 00 48,960 00 

600 " National City Bank, Brooklyn, . 30,000 00 112,500 00 

200 " Phenix National Bank, N. Y., . 4,000 00 4,000 00 

400 " Brooklyn Bank, Brooklyn, . . 20,000 00 32,000 00 

100 " Bond & Mortgage Guarantee Co., 10,000 00 18,500 00 

395 " New York Mutual Gas Light Co., 39,500 00 118,500 00 

375 " St. Joseph Gas Co., . . . 37,500 00 13,125 00 

1,500 " Cen. & South American Tel. Co., 150,000 00 159,750 00 



$3,171,500 00 $3,949,965 00 



340 



PHENIX INSURANCE CO. 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross) 

Rents due and accrued, etc., 

Gross assets, .... 
Deduct special deposits in other States, 

Balance, ..... 



$549,000 00 

115,600 00 

2,019 95 

3,949,965 00 

555,648 32 

9,076 67 

716,975 06 

6,311 94 



>,904,596 94 
210,250 00 

i,694,346 94 



Liabilities. 

Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Return premiums, ..... 
Reinsurance, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, . . . . 

Surplus over capital, .... 



|202,634 50 
34,500 00 

$237,134 50 

7,527 90 

$229,606 60 

3,282,950 48 

3,264 84 

90,123 33 

57,881 83 

3,161 84 

$3,666,988 92 
92,916 12 



3,574,072 80 

. $2,120,274 14 
. 1,000,000 00 

. $1,120,274 14 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $815,968 27 

Premiums on risks written or renewed, . . 3,990,223 16 

Total, . |4,806,191 43 

Premiums now in course of collection, . . 716,975 06 

Entire premiums collected, .... $4,089,216 37 

Less reinsurance and return premiums, . . 739,748 07 

Net cash fire premiums received, . . . — $3,349,468 30 



* Value of lands mortgaged, . . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$77,250 00 
165,500 00 
122,000 00 



PHCEXIX INSURANCE CO. 



341 



Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 



$5,808 32 

169,667 30 

17,284 58 



Gross cash income $3,542,228 50 

Expenditures. 

Cash paid for fire losses, $1,895,896 33 

Deduct salvage and reinsurance, . . . 155,846 47 



Net cash paid for fire losses, . . . . — 

Cash dividends paid, ...... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, . . 

Risks and Premiums. 



$1,740,049 86 
100,000 00 
581,255 77 
301,381 23 
76,122 93 
330,055 30 

§3,128,865 09 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Premiums. 

$598,169,221 00 $7,508,988 20 
345,151,556 00 3,990,223 16 



f943,320,777 00 §11,499,211 36 
361,473,986 00 4,410,932 56 



§581,846,791 00 $7,088,278 80 
30,300,170 00 251,470 83 



$551,546,621 00 $6,836,807 97 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . . . . 



§112,204,593 00 
56,178,380 00 
1,756,314 00 
3,774,000 00 
100,000 00 
147,300 00 



" PHCENIX INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated May, 1854. Commenced business June, 1854.] 

Paid-up Capital, $2,000,000. 

D. W. C. SKILTON, President. EDW. MILLIGAN, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Georgia State bonds, $25,000 00 §29,250 00 

Brooklyn Wharf & Warehouse Co. bonds, . 75,000 00 75,000 00 

Ashland, Oregon, water bonds, . . . 50,000 00 ' 55,000 00 

Brantford, Canada, bonds, .... 25,000 00 27,500 00 



342 



PHCENIX INSURANCE CO. 



Guelph, Canada, bonds, . 
Victoria, British Columbia, bonds, . 
Town of St.. Henry, P. Q , bonds, 
Province of New Brunswick bonds, . 
Chicago & North Shore Street Railway bonds 
Fostoria, O., water bonds, 
Leavenworth City & Ft. Leav'th water bonds 
Hannibal, Mo , school bonds, . 
Northwestern Telegraph Co. bonds, 
Naumkeag Street Railway Co. bonds, 
Superior, Wis., improvement bonds, 
Urbana, O., gas bonds, .... 
Canadian Pacific Land Grant R.R. bonds, 
Cedar Rapids, Iowa Falls & N. W. R'y bonds 
Chicago & Northwestern Railway bonds, 
Chicago & Western Indiana R.R. bonds, . 
Chicago, Burlington & Quincy R.R. bonds, 
Chicago, Rock Island & Pacific bonds, 
Cincinnati, Dayton & Ironton bonds, 
Central R.R. of New Jersey bonds, . 
Erie Railway consols, .... 
Louisville, New Albany & Chic, bonds, . 
Lehigh Valley Terminal bonds, 
Lehigh Valley Railway Co. bonds, . 
Minneapolis Union Railway Co. bonds, . 
N. Y., Lackawanna & Western R.R. bonds, 
N. Y., N. H. & Hartford R.R. debentures, 
New England R.R. bonds, 
St. Paul, Eastern & Grand Trunk bonds, 
St. Paul & Northern Pacific bonds, . 
Terre Haute & Logansport R.R. bonds, 
Terre Haute & Peoria bonds, . 
Texas & New Orleans bonds, . 

300 shares iEtna National Bank, Hartford, 
1,000 " American Nat'l Bank, Hartford, 
100 " Atlantic Trust Co., New York, 
75 " Central Trust Co., New York, 
162 " Charter Oak Nat'l B'k, Hartford, 
160 " City Bank, Hartford, . 
100 " Connecticut River B'k, Hartford, 
300 " Farm. & Mech. N'l B'k, Hartford, 
175 " First Nat'l Bank, Wallingford, . 
400 " Franklin Trust Co., New York, 
1,030 " Hartford Nat'l Bank, Hartford, 
400 " Hartford Trust Co., Hartford, 
67 " Home Nat'l Bank, Meriden, . 
133 " . Imperial Bank, Toronto, Ont., 
108 " Merchants' Ex. Nat'l Bank, N. Y., 



Par Value. 

824,000 00 
20,000 00 
75,000 00 
5,000 00 
25,000 00 
25,000 00 
25,000 00 
16,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
44,000 00 
50,000 00 
46,000 00 
133,000 00 
10,000 00 
25,000 00 
25,000 00 
25,000 00 
50,000 00 
20,000 00 
10,000 00 
25,000 00 
56,000 00 
50,000 00 
75,000 00 
30,000 00 
25,000 00 
15,000 00 
50,000 00 
25,000 00 
54,000 00 
30,000 00 
50,000 00 
10,000 00 

7,500 00 
16,200 00 
16,000 00 

3,000 00 
30,000 00 
17,500 00 
40,000 00 
103,000 00 
40,000 00 

6,700 00 
13,300 00 

5,400 00 



Market Value. 

$28,320 00 
23,800 00 
82,500 00 
5,300 00 
26,446 00 
26,250 00 
28,000 00 
17,600 00 
28,500 00 
25,625 00 
25,000 00 
25,000 00 
48,400 00 
53,500 00 
53,360 00 
154,980 00 
11,000 00 
26,875 00 
27,750 00 
28,250 00 
72,500 00 
23,500 00 
11,100 00 
25,875 00 
70,560 00 
70,000 00 
108,750 00 
38,100 00 
29,125 00 
19,350 00 
50,000 00 
17,500 00 
62,100 00 
43,500 00 
71,000 00 
12,500 00 
93,375 00 
16,200 00 
17,280 00 

3,500 00 
34,500 00 
20,125 00 
94,000 00 
144,200 00 
60,000 00 

8,241 00 
25,270 00 

6,696 00 



PHCENIX INSURANCE CO. 



343 



800 shares 


200 


it 


310 


u 


125 


(t 


200 


u 


770 


It 


200 


(( 


410 


u 


50 


a 


500 


u 


300 


a 


350 


tt 


100 


it 


500 


tt 


500 


tt 


200 


tt 


120 


tt 


1,000 


tt 


1,000 


tt 


1,500 


tt 


250 


tt 


500 


tt 


500 


it 


500 


tt 


500 


tt 


500 


tt 


150 


tk 


1,320 


tt 


1,500 


tt 


400 


tt 



Mercantile Nat'l Bank, Hartford 
Nat 1 ! Shoe & Leather Bank,N. Y 
Nat'l Exchange Bank, Hartford, 
N'l German American B'k, St Paul 
New Britain N'l B'k,New Britain 
Phoenix National Bank, Hartford 
State Bank, Hartford, . 
Waterbury N 1 ! Bank, VVaterbury 
Security Co , Hartford,. 
Bald Eagle Valley R.R., 
Beech Creek R.R., 
Chicago & Alton R.R. Co., . 
Chicago, Milwaukee & St. Paul, 
Cleveland & Pittsburgh R.R Co. 
Fort Wayne & Jackson R.R. Co. 
Georgia R.R. & Banking Co., 
Hartford & Conn. Western R.R., 
Illinois Central R.R. Co., 
Morris & Essex R.R Co., 
N. Y., N. H. & H. R.R. Co., . 
New York & Harlem R.R. Co., 
N. Y Cent. & Hudson River R.R, 
Peoria & Bureau Valley R.R. Co. 
Pitts., McKeesport & Y. R.R., 
Rensselaer & Saratoga R.R., 
Sharon R R. of Pa., 
Empire & Bay States Tel. Co., 
Holyoke Water Power Co., . 
Northwestern Telegraph Co., 
West End Street R'y Co., Boston 



Par Value. 

$80,000 00 
20,000 00 
17,000 00 
12,500 00 
20,000 00 
77,000 00 
20,000 00 
22,000 00 
5,000 00 
25,000 00 
15,000 00 
35,000 00 
10,000 00 
25,000 00 
50,000 00 
20,000 00 
12,000 00 

100,000 00 
50,000 00 

150,000 00 
12,500 00 
50,000 00 
50,000 00 
25,000 00 
50,000 00 
25,000 00 
15,000 00 

132,000 00 
75,000 00 
20,000 00 



Market Value. 

$32,000 00 
19,200 00 
22,100 00 
10,000 00 
32,000 00 
96,250 00 
22,600 00 
38,500 00 
6,150 00 
50,000 00 
15,000 00 
56,350 00 
14,250 00 
42,500 00 
68,000 00 
35,000 CO 
2,520 00 

104,000 00 
85,000 00 

276,000 00 
40,625 00 
53,500 00 
92,500 00 
33,000 00 
92,000 00 
27,500 00 
11,475 00 

396,000 00 
86,250 00 
34,800 00 



Securities held as collateral for cash loans : — 

240 shares Landers, Fraiw & Clark, . 

70 " Southern N. E. Telephone Co., 
103 " Atlantic Dock Co., .... 

64 " Hartford Carpet Co., 



1,941,600 00 $4,077,123 00 



$9,000 00 



Market Value. Loaned Thereon. 

$6,720 00 

8,260 00 
10,300 00 „ 

3,840 00^ " 



$29,120 00 $20,200 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . f 527,696 67 

Loans on mortgage of real estate (first liens*), 132,340 70 
Interest due or accrued thereon, . . . 6,414 95 

* Value of lands mortgaged, $222,190 00 

Value of buildings thereon, . . . . . 94,400 00 

Amount of insurance held as collateral, .... 59,550 00 



344 



PHOENIX INSURANCE CO. 



Stocks and bonds, as per schedule, . . . $4,077,123 00 

Loans on collateral security, as per schedule, . 20,200 00 

Cash in the office of the company, . . . 36,753 97 

Cash deposited in bank, . . . . . 235,366 92 

Interest due and accrued, . ...» 16,569 65 

Premiums in course of collection (gross), . 525,756 84 

Rents due and accrued, ..... 3,842 94 

Gross assets, ...... • 

Deduct special deposits in other States, . . . . 



»,582,065 64 

300,070 00 



Balance, $5,281,995 64 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



$30,402 07 
335,132 29 

44,978 00 

$410,512 36 
35,041 63 

$375,470 73 

2,139,993 40 

50,730 00 

33,559 43 

$2,599,753 56 
131,265 67 



2,468,487 89 



Surplus as regards policy holders, 
Paid-up capital, 



. $2,813,507 75 
. 2,000,000 00 



Surplus over capital, $813,507 75 

Income. 

Eire premiums outstanding Dec. 31, 1896, . $511,808 41 
Premiums on risks written or renewed, . . 3,369,643 20 



Total . $3,881,451 61 

Premiums now in course of collection, . . 525,756 84 

Entire premiums collected, .... $3,355,694 77 
Less reinsurance and return premiums, . . 455,658 94 

Net cash fire premiums received, . . . $2,900,035 83 

Interest received on mortgages, . . . . . . 15,763 62 

Interest and dividends received from all other sources, . . 178,953 33 
Income from rents, 6,057 16 



Gross cash income, $3,100,809 94 



PROVIDENCE WASHINGTON INSURANCE CO. 



345 



Expenditures. 

Cash paid for fire losses, I 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, . . 



,755,652 56 
109,067 10 



- $1,646,585 46 
280,000 00 
496,704 97 
188,228 71 
71,412 47 
311,240 29 

. $2,994,171 90 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

. $398,188,821 00 $4,531,028 66 
317,455,825 00 3,369,643 20 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$715,644,646 00 $7,900,671 86 
310,336,558 00 3,414,225 84 



$405,308,088 00 $4,486,446 02 
6,368,155 00 53,874 78 



$398,939,933 00 $4,432,571 24 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . . 

Cash dividends declared from organization of company, 

Dividends declared during the year (14 per cent.), 

Company's stock owned by directors, .... 



,048,859 00 

41,385,760 00 

1,638,373 00 

7,245,000 00 

280,000 00 

57,600 00 



"PROVIDENCE WASHINGTON INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated 1799. Commenced business 1799.] 

Paid-up Capital, $400,000. 
J. H. DeWOLF, President. E. L. WATSON, Secretary. 



Detailed Statement of Stocks and Bonds. 



Boston & Providence R.R. bonds, 
Boston & Maine R.R. bonds, 
Baltimore & Ohio R.R. bonds, . 



Par Value. Market Value. 

|100,000 00 $107,000 00 

10,000 00 12,000 00 

25,000 00 22,750 00 



346 



PROVIDENCE WASHINGTON INSURANCE CO. 



Boston & Lowell R.R. bonds, . 
City of Pawtucket bonds, . 
Cleveland Electric Railway bonds, . 
Columbus & 9th Ave. R R. bonds, . 
Columbus Street Railway bonds, 
Lehigh Valley R.R. Co bonds, 
Morris & Essex R.R. Co. bonds, 
New York, New Haven & Hartford R.R. bonds 
Old Colony R.R. Co. bonds, 
Rensselaer & Saratoga R.R. bonds, . 
West End Street Railway Co. bonds, 
250 shares Fourth National Bank, N. Y 



340 
400 
500 

1,100 
300 
300 
500 
400 
500 
300 
550 
150 
600 
200 
400 
200 
300 
200 
500 
600 
300 
300 

1,500 



Nat'l Bank of Commerce, N. Y., 
National Park Bank, N. Y., 
American N'l Bank, Providence, 
Blackstone Canal N'l B'k, Prov. 
Commercial N'l B'k, Providence, 
Manufacturers' N'l B'k, Prov., 
Merchants' N'l B'k, Providence, 
Mechanics' N'l B'k, Providence, 
Nat'l Bank of Commerce, Prov., 
National Eagle Bank, Providence 
Providence Gas Co., 
Beech Creek R.R. Co., . 
Chicago & Alton R.R. Co., . 
Chicago & Northwestern R'y Co 
Cleveland & Pittsburg R.R. Co., 
N. Y. Central & H. R. R.R.,. 
New York, Lacka. & West. R.R 
Old Colony R.R. Co., . 
Oswego & Syracuse R.R. Co., 
Pennsylvania R.R. Co., 
Pitts , Ft. Wayne & Chic. R R. Co., 
Rome, Watert'n &Ogden R.R. Co , 
What Cheer Corporation, 



Par Value. 

$10,000 00 
25,000 00 
10,000 00 
10,000 00 
10,000 00 
50,000 00 
25,000 00 
54,000 00 

8,000 00 
12,000 00 
30,000 00 
25,000 00 
34,000 00 
40,000 00 
25,000 00 
27,500 00 
15,000 00 
30,000 00 
25,000 00 
20,000 00 
25,000 00 
15,000 00 
27,500 00 

7,500 00 
60,000 00 
20,000 00 
20,000 00 
20,000 00 
30,000 00 
20,000 00 
25,000 00 
30,000 00 
30,000 00 
30,000 00 
200,000 00 



Market Value. 

$10,500 00. 
26,000 00 
10,400 00 
11,950 00 

9,500 00 
51,750 00 
35,500 00 
78,030 00 

8,640 00 
17,280 00 
31,150 00 
45,620 00 
70,720 00 
108,000 00 
21,250 00 
27,500 00 
12,750 00 
41,400 00 
29,000 00 
20,200 00 
21,250 00 
15,150 00 
47,850 00 

7,380 00 
97,200 00 
32,600 00 
33,600 00 
21,300 00 
36,300 00 
37,400 00 
50,500 00 
34,350 00 
50,700 00 
36,600 00 
200,000 00 



$1,180,500 00 $1,531,070 00 



Summary of Assets Dec. 31, 1897. 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Prem's more than three mos. due, . $3,794 83 
Gross assets,* ...... 



1,531,070 00 

2,925 58 

91,531 82 

6,978 48 

200,140 09 

41,751 88 



L,874,397 85 



* Including $200,000 special deposit held under Rhode Island laws. 



PROVIDENCE WASHINGTON INSURANCE CO. 



347 



Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . 



$13,504 16 

240,582 11 

5,114 94 

$259,201 21 
60,291 80 

$198,909 41 

855,712 70 

24,807 68 

27,903 61 

22,049 16 



1,129,382 56 

$745,015 29 
400,000 00 



Surplus over capital, f 345,015 29 



Income. 
Fire premiums outstanding Dec. 31, 1896, 
Same not collected, 

Net collected, . . . . . 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1896, 

Same not collected, .... 



Net collected, .... 
Premiums on risks written or renewed, 



Total 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash marine premiums received, 

Interest and dividends received from all sources, 



,231 77 
5,935 08 



$143,296 69 
1,376,240 44 


$1,519,537 

148,838 


13 
11 


$1,370,699 
313,515 


02 

78 


$103,010 50 
1,886 86 


$101,123 64 
504,026 07 


$605,149 
89,026 


71 
75 


$516,122 96 
127,995 58 



.,057,183 24 



388,127 38 
56,097 44 



Gross cash income, $1,501,408 06 



348 



PROVIDENCE WASHINGTON INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, . 

Gross cash expenditures, . 



$561,785 22 
97,056 99 

$314,373 02 
62,459 73 



Risks and Pk 

Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total,. ..... 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



EMIUMS. 



$139,694,259 00 

149,700,258 00 

$289,394,517 00 

132,460,391 00 

$156,934,126 00 

18,628,961 00 



$464,728 23 



251,913 29 

32,000 00 

276,703 19 

91,973 10 

30,458 51 

48,344 41 

.,196,120 73 



Premiums. 

51,442,625 40 
1,376,240 44 

52,818,865 84 
1,234,960 78 

51,583,905 06 
159,444 29 



$138,305,165 00 $1,424,460 77 



$6,411,886 00 
114,165,714 00 

$120,577,600 00 
112,243,272 00 

$8,334,328 00 
214,863 00 



$211,228 77 
504,026 07 

$715,254 84 
466,144 79 

$249,110 05 
14,227 95 



$8,119,465 00 $234,882 10 



Miscellaneous 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$29,366,117 00 

17,100,164 00 

487,009 00 

289,031 00 

2,160,563 00 

32,000 00 

37,900 00 



QUEEN INSURANCE CO. OF AMERICA. 



349 



"QUEEN INSURANCE COMPANY OF AMERICA; 1 NEW YORK,N. Y 

[Incorporated Sept. 11, 1891. Commenced business Sept. 11, 1891.] 

Paid-up Capital, $500,000. 

JAMES A. MACDONALD, President. GEO. W. BURUHELL, Secretary. 



Detailed Statement of Stocks 



United States government bonds, 

District of Columbia bonds, 

New York State canal improvement bonds, 

New York city bonds, 

City of Brooklyn bonds, 

New Zealand stock, . 

Quebec loan, 

Manitoba debentures, 

Halifax, N. S., stock, 

250 shares New York & Harlem R R., . 

443 * 

517 ' 

950 ' 

360 < 
1,400 ' 

250 ' 



* United N. J. R.R. & Canal Co., 

♦ N. Y., Lack. & Western R.R., 
' Rome, Waterto'n & Ogdens. R.R., 
' Pitts., Ft. Wayne & Chicago R.R., 
' Morris & Essex R.R., . 
' Rensselaer & Saratoga R R., 

Farmers' Loan & Trust Co. stock, . 
New York, Lack. & Western R.R. bonds, 
North Wisconsin R.R. bonds, . 
Chicago, Burlington & Quincy R.R. Co.,. 
Chicago, Rock Island & Pacific R.R. bonds, 
Fremont, Elkhorn & Mo. R.R. bonds, 
Chicago, Milwaukee & St. Paul R.R. bonds, 
Chicago & North Western R R. bonds, . 
Baltimore & Ohio R.R. bonds, . 
Pennsylvania Co. R.R. bonds, . 
Morris & Essex R.R. bonds, 
Lake Shore & Michigan Southern R.R. bonds, 
Chicago, St. Paul, Minn. & Omaha R.R. bonds, 
Northern Pacific R.R. bonds, . 
Evansville & Indianapolis R.R. bonds, 
Consolidated Gas Co. of New York bonds, 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . . . 



and Bonds. 

Par Value. 

$370,000 00 
340,000 00 
50,000 00 
380,000 00 
525,000 00 
49,000 00 
24,500 00 
29,400 00 
60,000 00 
12,500 00 
44,300 00 
51,700 00 
95,000 00 
36,000 00 
70,000 00 
25,000 00 
10,000 00 
200,000 00 
30,000 00 
15,000 00 
5,000 00 
10,000 00 
91,000 00 
49,000 00 
10,000 00 
50,000 00 
110,000 00 
47,000 00 
25,000 00 
52,500 00 
25,000 00 
20,000 00 



Market Value. 

$444,078 59 

380,080 32 

51,875 00 

392,618 75 

557,676 55 

49,000 00 

24,500 00 

29,400 00 

66,000 00 

31,978 98 

99,744 18 

56,983 33 

106,135 00 

55,613 30 

100,150 10 

42,4*17 50 

71,600 00 

226,639 52 

36,141 71 

13,750 00 

5,784 11 

11,841 93 

91,589 16 

51,081 82 

10,342 78 

50,885 35 

136,956 76 

47,000 00 

28,760 52 

42,658 24 

25,698 69 

20,361 99 



$2,911,900 00 $3,359,664 18 

31, 1897. 

$714,970 57 

3,359,664 18 

2,501 43 

112,438 85 



350 



QUEEN INSURANCE CO. OF AMERICA. 



Interest due and accrued, . 

Premiums in course of collection (gross), 

Notes taken for fire risks, 

Rents due and accrued, .... 

Due from other companies, 

Prem's more than three mos. due, $7,850 65 

Gross assets, ..... 
Deduct special deposits in other States, . 



Liabilities. 



Balance, . . 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, ..... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local tax* s, 
Commissions and brokerage, 
Return premiums, 
Reinsurance, 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special. deposits, 

Surplus as regards policy holders, . 
Paid-up capital, . . . . . 

Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, 

Net collected, . . 

Premiums on risks written or renewed, . 

Total, . . 
Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Income from rents, . . 



$42,174 65 

319,104 75 

196 00 

2,895 83 

8 84 



1,553,955 10 
433,900 00 

t,120,055 10 



$73,585 76 
82,909 15 
41,042 74 

$197,537 65 
6,670 16 

$190,867 49 

1,576,783 72 

23,607 16 

23,704 28 

74,536 26 

18,763 18 

5,137 66 

1,345 90 

.1,914,745 65 
285,649 08 



1,629,096 57 

$2,490,958 53 

500,000 00 

$1,990,958 53 



$306,300 95 
527 91 

$305,773 04 
2,450,620 14 

12,756,393 18 
327,151 40 

>2,429,241 78 
517,910 70 



Gross cash income, 



$1,911,331 08 

129,914 84 

8,653 46 

$2,049,899 38 



THE READING FIRE INSURANCE CO. 



351 



Expenditures. 
Cash paid for fire losses, . .... $1,046,43360 
Deduct salvage and reinsurance, . . . 54,041 87 

Net cash paid for fire losses, .... 

Cash dividends paid, f 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 
Charged to profit and loss on account real estate, 
Miscellaneous, , . . 



Gross cash expenditures, .... 

Risks and Premiums. 



$992,391 73 

100,000 00 

304,964 76 

180,643 86 

51,412 44 

100,000 00 

135,758 95 

$1,865,171 74 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount reinsured, 

Net amount in force, . 



$306,027,190 
223,416,166 

$529,443,356 

225,258,814 



Premiums. 

00 $3,426,468 78 
00 2,450,620 14 



00 $5,877,088 92 
00 2,545,438 87 



$304,184,542 
17,651,447 



00 $3,331,650 05 
00 172,464 97 



$286,533,095 00 $3,159,185 08 

Miscellaneous. 
Premiums received from organization of company, 



Losses paid from organization of company, . 

Fire losses incurred during the year, , 

Cash dividends declared from organization of company, 

Dividends declared during the year (20 per cent.), 

Company's stock owned by directors, . . . . 



$13,981,017 00 

7,612,513 00 

1,013,918 00 

200,000 00 

100,000 00 

7,000 00 



"THE READING FIRE INSURANCE COMPANY," READING, PA. 

[Incorporated July 8, 1867. Commenced business July 8, 1867.] 

PAiD-ur Capital, $250,000. 

WM A. ARNOLD, President. S. E. ANCOXA, Secretary. 



Detailed Statement of Stocks 



Philadelphia & Reading R.R. bonds, 
Perkiomen R.R. bonds, .... 
United States bonds, .... 

250 shares Reading Gas Co., . 
124 " South Reading Market House Co., 
200 " East Pennsylvania Railroad, . 
150 " National Union Bank, Reading, 
50 " Farmers' National Bank, Reading, 
100 " Second National Bank, Reading, 
720 " Reading Trust Co., . 



and Bonds. 

Par Value. 

f36,000 00 
2,000 00 

30,000 00 
6,250 00 
3,100 00 

10,000 00 
3,750 00 
1,500 00 

10,000 00 

72,000 00 



Market Value. 

$35,460 00 

2,050 00 

33,675 00 

16,250 00 

4,588 00 

10,800 00 

13,800 00 

3,750 00 

18,500 00 

93,600 00 



352 



THE READING EIRE INSURANCE CO. 



70 shares Reading City Passenger Railway, 
Reading City Passenger Railway bonds, . 
South Reading Market House Co. scrip, . 

Securities held as collateral for cash loans 

25 shares Second National Bank, 
8 " First National Bank, 

23 " Reading Trust Co , . 

10 " Second National Bank, 
150 " Keystone Wagon Co., 

39 " South Reading Market House Co , 
490 " Philadelphia & Reading Railroad, 
Reading Foundry Co. bonds, . 
Judgment notes secured, . . . . 



Par Value. 

^3,500 00 

6,000 00 

900 00 



Market Value. 

$7,560 00 

6,275 00 

900 00 



$185,000 00 $247,208 00 



Market Value. Loaned Thereon. 



$4,625 00 
1,720 00 
2,990 00 
1,850 00 

15.000 00 
1,443 00 
6,517 55 

25,000 00 
150 00 



SUMMABY OF ASSETS DEC. 31, 1897. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rent due and accrued, .... 
Prem's more than three mos. due, . $4,067 51 
Gross assets, ...... 

Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders unpaid, . 
State and local taxes, 
Commissions and brokerage, . 
Return premiums, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 



$64,200 00 

396,106 00 

4,236 29 

247,208 00 

46,550 00 

188 37 

39,435 77 

762 16 

44,593 13 

252 48 



:,671 11 

11,064 80 

7,092 19 

237,686 03 

4,536 17 

■ 662 80 

1,303 50 

9,429 86 

6,654 27 



$3,000 00 

1,600 00 
1,500 00 
8,600 00 

700 00 

6,000 00 

25,000 00 

150 00 



,295 55 $46,550 00 



$843,532 20 



293,100 73 

$550,431 27 
250,000 00 

$300,431 27 



* Value of lands mortgaged, . 
Value of buildings thereon, . . . 
Amount of insurance held as collateral, 



$278,900 00 
570,250 00 
450,040 00 



THE READING FIRE INSURANCE CO. 



353 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, ..... 



Net collected, .... 
Premiums on risks written or renewed, 



Total, ...... 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from agency, 

Deposits received for perpetual fire risks, 



Gross cash income, .... 

Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for agency expenses, 

for miscellaneous, . 
Deposits returned on perpetual fire risks, 

Gross cash expenditures, . 



$31,309 38 
269 28 

$31,040 10 
351,011 97 

$382,052 07 
44,593 13 

$337,458 94 
5,545 95 



sources, 



$117 00 



$163,667 22 
3,443 06 



$23 75 



$331,912 99 

18,815 45 

11,753 90 

4,155 72 

828 77 



$367,466 83 



$160,224 16 
25,486 00 
58,615 00 
12,983 00 
6,809 63 
15,782 77 
10,662 31 



$290,562 87 



,724,547 00 $851,978 93 
35,183,153 00 381,134 88 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1896, . . $43,586,999 00 $500,966 96 
Fire risks written during 1897, . . . 33,137,548 00 351,011 97 

Total, 

Deduct risks expired and terminated, 

In force at end of year, .... 
Deduct amount reinsured, 

Net amount in force, .... 
Perpetual risks in force (not incPd above), 



$41,541,394 00 $470,814 05 
712,600 00 7,289 48 



,828,794 00 $463,554 57 
$147,750 00 $4,821 37 



354 THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . ... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent ), 
Company's stock owned by directors, . . . . 



£4,452,441 GO 

2,395,165 00 

175,135 00 

462,561 00 

25,000 00 

54,890 00 



"THE RELIANCE INSURANCE COMPANY OF PHILADELPHIA,'" 

PHILADELPHIA, PA. 

[Incorporated April 21, 1841. Commenced business Aug. 9, 1844.] 

Paid-up Capital, $300,000. 

WILLIAM CHUBB, President. CHAS. J. WISTER, Jr., Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds $15,000 00 $16,950 00 

City of Philadelphia bonds, .... 10,000 00 10,400 00 

City of Pittsburgh, Pa., bonds, . . . 48,000 00 50,340 00 

City of Quincy, III., bonds, .... 15,000 00 15,300 00 

City of Wilmington, Del., bonds, . . . 20,000 00 21,400 00 

City of Chester, Pa., bonds, .... 5,000 00 5,200 00 

South Bethlehem, Pa , bonds, .... 4,000 00 4,120 00 

Atlantic City, N. J., bonds 5,000 00 5,150 00 

New Castle County, Del., bonds, . . . 5,000 00 5,400 00 

United Company of New Jersey bonds, . . 5,000 00 5,500 00 

Lehigh Valley R R. Co. bonds, .... 45,000 00 45,400 00 

Easton & Amboy R.R. Co. bonds, . . . 20,000 00 21,600 00 

North Pennsylvania R R. Co. bonds, . . 15,000 00 17,550 00 

Louisville & Nashville R.R. Co. bonds, . . 8,000 00 9,120 00 

Northern Central R.R. Co. bonds, . . . 10,000 00 11,200 00 

Philadelphia & Erie R.R Co bonds, . . 25,000 00 29,750 00 

Phila. & Baltimore Central R.R Co. bonds, . 10,000 00 10,500 00 

Pennsylvania R.R. Co bonds, .... 4,000 00 4,960 00 

Steubenville & Indiana R.R. Co. bonds, . . 10,000 00 11,000 00 

Camden & Atlantic R.R Co. bonds, . . . 30,000 00 32,100 00 

Pennsylvania & New York Canal Co. bonds, . 40,000 00 42,400 00 

Allentown Terminal R.R. Co bonds, . . 15,000 00 15,600 00 

Philadelphia & Reading R.R. Co bonds, . . 20,000 00 23,400 00 

Delaware River Ferry Co. bonds, . . . 10,000 00 10,300 00 

Philadelphia Traction Co. bonds, . . . 5,000 00 5,200 00 

People's Passenger Railway Co. bonds, . . 10,000 00 10,200 00 

Pennsylvania & New York Canal Co. bonds, . 20,000 00 18,600 00 

New York & Long Branch R.R Co. bonds, . 5,000 00 5,500 00 

Second Ave. Traction Co., Pittsburgh, Pa., b'ds, 15,000 00 16,200 00 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 355 



International Navigation Co. bonds, 
Hunting. & Broad Top Mt. R.R. & Coal Co. b'ds, 

Omaha Water Co. bonds, 

Pitts., Chartiers & Youghiogheny R'y Co. b'ds, 
Pittsburgh, Cin. & St. Louis Railway Co. bMs, 
United Traction Co. of Pittsburgh bonds, 
Northern Central R.R. Co. bonds, . 
Philadelphia & Erie R.R. Co. bonds, 
West Jersey & Seashore R.R. bonds, 
Susquehanna Coal Co. bonds, . 
200 shares Commercial N'l B'k, Phila., . 
25 " Mechanics 1 N'l Bank, Philadelphia, 
35 " company's own stock, . f 2,100 00 



Par Value. 

$5,000 00 

10,000 00 

10,000 00 

7,000 00 

16,000 00 

10,000 00 

20,000 00 

5,000 00 

5,000 00 

5,000 00 

10,000 00 

2,500 00 



Market Value. 

$5,300 00 

10,600 00 

10,000 00 

7,700 00 

17,600 00 

10,000 00 

21,800 00 

5,400 00 

5,250 00 

6,000 00 

6,000 00 

2,750 00 



$554,500 00 |588,740 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $102,500 00 

Loans on mortgage of real estate (first liens*), 243,620 00 

Interest due or accrued thereon, . . , 3,032 84 

Stocks and bonds, as per schedule, . . . 588,740 00 

Cash in the office of the company, . . . 1,662 27 

Cash deposited in bank, ..... 41,088 63 

Premiums in course of collection (gross), . 55,467 30 

Rents due and accrued, . . . . . 348 00 

Perpetual insurance deposits, .... 747 00 

Gross assets, . . . . . . __ $1,037,206 04 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, 



$6,185 17 

32,954 21 

9,372 39 

$48,511 77 
3,775 38 

$44,736 39 

252,943 68 

135,403 36 

7,554 76 

5,445 22 



446,083 41 



$591,122 63 
300,000 00 

$291,122 63 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$213,600 00 
287,500 00 
187,066 00 



356 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from surveys, etc., 

Deposits received for perpetual fire risks, 



$48,033 61 
385,654 36 

$433,687 97 
55,467 30 

$378,220 67 
76,542 52 



sources, 



$301,678 15 

12,255 49 

27,191 09 

839 27 

292 02 



1,821 50 



Gross cash income, $342,256 02 



Expenditures. 

Cash paid for fire losses, . $ 145,647 12 

Deduct salvage and reinsurance, . . « 14,912 22 

Net cash paid for fire losses, .... 
Cash dividends paid, . . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for incidentals, .... 

Deposits returned on perpetual fire risks, . $5,177 00 

Gross cash expenditures, ....... 



$130,734 90 
21,000 00 
79,392 10 
28,012 00 
10,243 20 
18,573 77 



$287,955 97 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, . . , . . . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $44,099,823 00 
. 36,612,055 00 



Premiums. 

,571 29 
385,654 36 



.$80,711,878 00 $895,225 65 
. 33,300,432 00 357,710 84 



.$47,411,446 00 $537,514 81 
. 4,203,534 00 47,742 77 



.$43,207,912 00 $489,772 04 



Perpetual risks in force (not ■ incl'd above), . $5,425,144 00 $148,289 67 



ROCHESTER GERMAN INSURANCE CO. 



357 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (7 per cent.), . 

Company's stock owned by directors, . . * . 



$4,645,354 00 

2,808,678 00 

143,550 00 

865,597 00 

21,000 00 

42,450 00 



"ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER, 
NEW YORK," ROCHESTER, N. Y. 

[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872."] 

Paid-up Capital, $200,000. 

FREDERICK COOK, President. H. F. ATWOOD, Secretary. 



Detailed Statement of Stocks and Bonds. 



Rochester Railway bonds, .... 

Georgia State bonds, ..... 

Erie R.R. bonds, ...... 

Northern Pacific R.R. bonds, .... 

Nashville, Chattanooga & St. Louis R.R. b'ds, 
Atch., Topeka & Santa Fe R.R. bonds, 
Minneapolis & St. Louis R.R. bonds, 
German American Bank of Rochester stock, . 
Title and Guarantee Co. of Rochester stock, . 



Par Value. 

$200,000 00 
25,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 



Market Value. 

$200,000 00 

25,000 00 

9,300 00 

9,600 00 

10,300 00 

8,962 50 

10,650 00 

22,500 00 

10,000 00 



$295,000 00 $306,312 50 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



$196,036 06 

400,942 40 

7,255 02 

306,312 50 

838 07 

65,506 68 

3,108 33 

46,506 44 



$1,026,505 50 
25,000 00 



Balance, $1,001,505 50 

* Value of lands mortgaged $453,290 00 

Value of buildings thereon 539,150 00 

Amount of insurance held as collateral, .... 390,425 00 



358 



ROCHESTER GERMAN INSURANCE CO. 



Liabilities. 

Losses adjusted, unpaid, . . . . . $9,554 79 

claimed and reported, .... 17,195 00 

disputed or resisted, .... 2,659 51 

Unearned premiums on outstanding risks, . 301,971 58 

Commissions and brokerage, .... 9,962 48 

Gross liabilities, except capital, . . $341,343 36 

Deduct liability on special deposits, . 24 65 



Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, . 



$341,318 71 

. $660,186 79 
200,000 00 



. $460,186 79 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash tire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from discount, 



r ,337 22 
483,555 22 

$540,892 44 
46,506 44 

$494,386 00 
165,533 32 



sources, 



$328,852 68 

20,299 37 

13,183 75 

9,173 85 

616 80 



Gross cash income, f 372,126 45 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, ..... 



$172,609 61 
44,616 85 



$127,992 76 

20,000 00 
57,159 72 
29,528 20 
14,215 58 
44,992 69 



Gross cash expenditures, 



f293,888 95 



RUTGERS FIRE INSURANCE CO. 



359 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

.$54,494,435 00 $569,484 21 
. 46,184,430 00 483,555 22 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount reinsured, 

Net amount in force, . 



$100,678,865 00 $1,053,039 43 
. 41,982,602 00 459,186 63 



.$58,696,263 00 $593,852 80 
662,851 00 6,164 89 



.$58,033,412 00 $587,687 91 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . . . . 



^8,210,374 00 

4,638,134 00 

142,494 00 

439,000 00 

20,000 00 

38,213 00 



"RUTGERS FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated Oct. 3, 1853. Commenced business Oct. 10, 1853.] 
Paid-up Capital, $200,000. 
EDWARD B. FELLOWS, President. HENRY C. KREISER, Secretary. 



Detailed Statement of Stocks 

District of Columbia bonds, .... 
240 shares N Y. Cen. & Hudson River R.R , . 
300 
466 
300 
50 
187 



Delaware, Lacka. & Western R.R., 
Delaware & Hudson Canal Co., 
Consolidated Gas Co , N. Y., . 
Long Island R.R., .... 
Tradesmen's National Bank, N. Y., 



and Bonds. 

Par Value. 

$50,000 00 
24,000 00 
15,000 00 
46,600 00 
30,000 00 
2,500 00 
7,480 00 



Market Value. 

$57,500 00 
25,530 00 
23,362 50 
52,075 50 
53,100 00 
1,000 00 
7,854 00 



Securities held as collateral for cash loans : — 

20 shares Consolidated Gas Co. of New York, 
20 " Delaware, Lack. & Western R R., . 



$175,580 00 $220,422 00 

Market Value. Loaned Thereon. 

$3,540 00 



1,557 50 



$3,000 00 



>,097 50 $3,000 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $67,000 00 
Loans on mortgage of roal estate (first liens*), 26,200 00 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$41,500 00 
23,000 00 
21,000 00 



360 



RUTGERS FIRE INSURANCE CO. 



Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prem's more than three mos. due, . $166 74 
Gross assets, . . . . . 

Liabilities. 
Losses adjusted, unpaid, . . 
Losses claimed and reported, . 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$740 83 

220,422 00 

3,000 00 

1,214 71 

8,493 47 

1,850 07 

12,575 22 

325 83 



$1,527 60 
18,390 16 

119,917 76 
1,336 75 



,581 01 

48,606 82 

784 18 

2,559 09 

1,729 96 

1 83 



$341,822 13 



72,262 89 

$269,559 24 
200,000 00 



Surplus over capital, 



,559 24 



Income. 
Fire premiums outstanding Dec. 31, 1896, 
Same not collected, ... 

Net collected, 

Premiums on risks written or renewed, . 

Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



$10,966 98 

62 50 

$10,904 48 

100,752 27 



$111,656 75 
12,741 96 



,914 79 
12,616 40 



sources, 



,298 39 
1,187 50 
9,077 17 
1,760 00 



$98,323 06 



SCHUYLKILL FIRE INSURANCE CO. 



361 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, . 

for repairs on real estate, 

Gross cash expenditures, .... 



$49,402 87 
4,946 26 



$44,456 61 

18,000 00 

21,094 36 

11,470 01 

2,911 33 

6,803 03 

97 37 

$104,832 71 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

.$11,279,487 00 $114,108 43 
. 10,162,532 00 100,752 27 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



.$21,442,019 00 $214,860 70 
. 10,927,408 00 114,786 31 



.$10,514,611 00 $100,074 39 
259,515 00 2,761 48 



,255,096 00 $97,312 91 



Miscellaneous. 

Premiums received from organization of company, . . $3,831,417 00 

Losses paid from organization of company, .... 1,630,248 00 

Fire losses incurred during the year, . . . . . 59,800 00 

Cash dividends declared from organization of company, . 1,156,000 00 

Dividends declared during the year (9 per cent.), . . . 18,000 00 

Company's stock owned by directors, ..... 65,175 00 



"SCHUYLKILL FIRE INSURANCE COMPANY," PHILA., PA. 

[Incorporated Aug. 29, 1895. Commenced business Sept. 3, 1895.] 

Paid-up Capital, $200,000. 

ALEXANDER BALFOUR, President. JOHN A. GIFFORD, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

. $111,000 00 $127,650 00 

20,000 00 21,300 00 



United States bonds, . 

Schuylkill River East Side bonds, . 



$131,000 00 $148,950 00 



3G2 



SCHUYLKILL FIRE INSURANCE CO. 



Summary of Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens*), $106,000 00 

Interest due or accrued thereon, . . . 1,424 67 

Stocks and bonds, as per schedule, . . . 148,950 00 

Cash in the office of the company, . . . 618 00 

Cash deposited in bank, . . . . 18,372 40 

Interest due and accrued, ..... 1,008 28 

Premiums in course of collection (gross), . 23,045 21 

Gross assets, ...... 



$299,418 56 



Liabilities. 

Reported losses, ..... 

Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance, ...... 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, ..... 



$6,209 35 

30,711 96 

3,456 78 

5,153 67 



Surplus over capital, . 



45,531 76 

$253,886 80 
200,000 00 

$53,886 80 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $52,283 08 
Premiums on risks written or renewed, . . 173,925 83 

Total, ........ $226,208 91 

Premiums now in course of collection, . . 23,045 21 

Entire premiums collected, . . . . $203,163 70 
Less reinsurance and return premiums, . . 20,555 77 

Net cash fire premiums received, . . . 

Interest received on mortgages, ...... 

Interest and dividends received from all other sources, . 

Gross cash income, 



$182,607 93 
6,003 65 
7,347 50 

$195,959 08 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$122,930 88 
19,540 40 



Gross cash expenditures, $135,187 53 



$103,390 48 

25,136 71 

2,143 44 

3,099 59 

1,417 31 



* Total value of property mortgaged, 
Amount of insurauce held as collateral, 



$212,000 00 
16,000 00 



SECURITY INSURANCE CO. 



363 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



. $14,180,926 00 
. 13,652,597 00 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$27,833,523 00 
20,985,219 00 



^6,848,304 00 
3,424,152 00 



Premiums. 

$198,331 27 
173,925 83 

$372,257 10 
249,409 26 

$122,847 84 
61,423 92 



53,424,152 00 $61,423 92 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, . 



$403,702 00 

149,592 00 

87,181 00 

200,000 00 



"SECURITY INSURANCE COMPANY OF NEW HAVEN," NEW 

HAVEN, CONN. 

[Incorporated April, 1841. Commenced business April, 1841.] 

Paid-up Capital, $200,000. 

CHAS. S. LEETE, President. H. MASON, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Tradesmen's Nat'l Bank (New Haven) stock, . $16,000 00 $22,880 00 

Second National Bank (New Haven) stock, . 11,700 00 20,124 00 

Merchants' National Bank (New Haven) stock, 27,500 00 25,850 00 

Yale National Bank (New Haven) stock, . 20,000 00 23,200 00 

New Haven Nat'l Bank (New Haven) stock, . 21,000 00 35,700 00 

New Haven County Nat'l B'k (N. H.) stock, . 18,830 00 26,362 00 

First National Bank (New Haven) stock, . 13,300 00 18,620 00 

American Exchange Nat'l Bank (N. Y.) stock, 10,000 00 17,300 00 

Western National Bank (New York) stock, . 7,500 00 10,125 00 

Southern New England Telephone Co. stock, . 12,000 00 14,640 00 

New York Steam Power Co. stock, . . . 2,500 00 1,543 33 

Chicago, Rock Island & Pacific R R. stock, . 11,000 00 9,900 00 

Cleve., Cincinnati, Chic. & St. Louis R'y stock, 10,000 00 8,100 00 

Illinois Central R.R stock, .... 10,000 00 10,400 00 

Delaware & Hudson Canal Co. stock, . . 10,000 00 11,200 00 

Cleveland & Pittsburgh R.R. stock, . . . 10,000 00 16,950 00 

Fair Haven & Westville R.R. stock, . . 2,500 00 6,200 00 

Baltimore & Ohio R.R. receivers' certificates, . 15,000 00 15,300 00 



364 



SECURITY INSURANCE CO. 



Macon (Ga.) Gas Light & Water Co. bonds, 
Minneapolis & St. Louis R.R. bonds, 
New York & New England R.R. bonds, . 
Columbus & Hocking Coal & Iron Co. bonds 

Southern R'y bonds, 

Central R.R. of Georgia bonds, 

Southern New England Telephone Co. bonds 

Meriden (Conn ) Horse R.R. Co. bonds, . 

New Haven & Centerville Street R.R. bonds, 

New Haven Street R'}- Co. bonds, . 

N. H., West Haven & Wine. Ave. R.R. bonds 

Waterbury Traction Co. bonds, 

City of Indianapolis bonds, 

City of Omaha (Neb.) bonds, . 

City of Superior (Wis.) bonds, 



Par Value. 

$20,000 00 

4,000 00 

10,000 00 

10,000 00 

15,000 00 

5,000 00 

4,000 00 

8,000 00 

12,000 00 

5,000 00 

1,000 00 

10,000 00 

6,000 00 

10,000 00 

10,000 00 



Market Value. 

117,500 00 
5,000 00 

12,000 00 
8,000 00 

14,193 75 
1,620 00 
4,120 00 
8,400 00 

13,320 00 
5,250 00 
1,050 00 

10,450 00 
6,180 00 

10,800 00 

10,000 00 



Securities held as collateral for cash loans : — 

Southern New England Telephone Co. stock, . 
City Bank, New Haven, stock, . 
Mechanics' 1 Bank, New Haven, stock, 
Merchants 1 National Bank, New Haven, stock, 
New Haven Water Co. stock, .... 
Mercantile Safe Deposit Co., New Haven, stock, 
Norwalk Tramway Co. bonds, . 

U. S. Rubber Co. stock, 

N. Y., N. H. & Hartford R.R. debentures, 
Danbury & Bethel Horse R'y Co. bond, . 



$358,830 00 $422,278 08 



Market Value. Loaned Thereon. 

$12,566 00 $10,000 00 
4,125 00^ 

399 60 j 

470 00 [ 
1,620 00 | 

650 00 J 
8,550 00 
1,755 00^ 
7,975 00 i 

1,010 oo) 



5,500 00 

4,500 00 
8,000 00 



$39,120 60 $28,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Gross assets, ..... 



31, 1897. 

$89,200 00 

182,188 78 

817 83 

422,278 08 

28,000 00 

330 87 

37,574 93 

2,141 59 

75,799 08 

4,339 30 



$842,670 46 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



229,480 00 
213,400 00 
152,300 00 



SECUKITY INSURANCE CO. 



365 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, . 

Income 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 



Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1896, 

Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Gross cash income, . 



$17,045 37 

31,394 19 

5,581 00 

$54,020 56 
8,682 76 

$45,337 80 

381,986 77 

19,093 65 

6,836 64 



$68,573 89 
664 55 



$67,909 


34 


578,423 


32 


$646,332 


66 


72,762 


02 


$573,570 64 


130,341 


58 


$5,054 


14 


150 


65 


$4,903 


49 


58,096 


11 


$62,999 60 


3,037 


06 


$59,962 54 


12,250 


37 



sources, 



$453,254 86 

$389,415 60 
200,000 00 

$189,415 60 



$443,229 06 



47,712 17 

8,052 51 

21,199 71 

1,234 62 

$521,428 07 



366 



SECURITY INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, . 

for salaries of officers and employees, 

for State and local taxes, 



8250,578 87 
19,253 67 

$35,376 33 
8,044 42 



$231,325 20 



27,331 91 

13,000 00 

116,466 49 

54,173 74 

7,114 49 



Gross cash expenditures, 



9,411 83 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$78,892,581 00 $741,976 46 
55,611,713 00 578,423 32 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount reinsured, 



$134,504,294 00 $1,320,399 78 
. 53,617,718 00 564,137 30 



,886,576 00 $756,262 48 
4,529,631 00 53,778 12 



$76,356,945 00 $702,484 36 

$629,213 00 $20,641 26 
4,778,205 00 58,096 11 



15,407,418 00 $78,737 37 
4,822,858 00 53,562 55 



$584,560 00 $25,174 82 
114,266 00 3,279 41 



Net amount in force, . 



$470,294 00 $21,895 41 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6£ per cent.), 
Company's stock owned by directors, . 



$,964,784 00 

6,683,765 00 

239,027 00 

28,682 00 

452,281 00 

13,000 00 

58,800 00 



SPRING GARDEN INSURANCE CO. 



3G7 



"SPRING GARDEN INSURANCE COMPANY," PHILADELPHIA, PA. 

[Incorporated April 15, 1835. Commenced business Aug. 29, 1835.] 

Paid-up Capital, $400,000. 

CHAS. ROBERTS, President. CLARENCE E. PORTER, Secretary. 



Detailed Statement of Stocks and Bonds. 



Allegheny Valley R.R. bonds, . 
Baltimore Traction bonds, 
Bells Gap R.R. bonds, .... 
Buffalo Railway bonds, .... 
Camden & Atlantic Railroad bonds, 
Camden, N. J., Horse Railroad bonds, 
Chicago & Western Indiana R R. bonds,. 
Clearfield & Jefferson R.R. bonds, . 
Central R.R. of New Jersey bonds, 
Cleve., Columbus, Cin. & Indiana R.R. bonds, 
Cleveland Electric Railwa} 7 bonds, . 
Columbus & Cincinnati Midland RR bonds, 
Easton & Amboy Railroad bonds, „ 
Edison Electric gold trust certificates, 
Electric & People's Traction certificates, 
International Navigation Co. of N. J. bonds, 
Jacksonville & St. Louis Railway bonds, 
Jacksonville Southeastern R'y bonds, 
Jacksonville, Tampa & Key West R.R. bonds 
Lehigh Coal & Navigation Co. bonds, 
Lehigh Valley Coal Co. bonds, 
Lehigh Valley Railroad bonds, 
Lehigh Valley Railway of New York bonds, 
Mortgage Trust Co. of Pennsylvania bonds, 
New York & Long Branch R.R. bonds, . 
Northern Pacific R.R. & Land Grant bonds, 
Oglethorpe Savings & Tr. Co., Sav., Ga., cert's, 
200 shares Penn. Nat'l Bank of Philadelphia, 
Pennsylvania & Northwestern R.R. bonds, 
Pennsylvania Steel Co. bonds, . 
People's Passenger R'y bonds, . 
Philadelphia & Reading R.R bonds, 
Phila., Reading & New P^ngland R.R. bonds, 
Pitts., Cincinnati & St. Louis R.R. bonds, 
Sanitary District of Chicago bonds, 
Schuylkill River East Side R.R bonds, . 
Steubenville & Indiana R.R. bonds, 
St. Louis Merchants' Bridge Terminal R'y b'ds, 
Sunbury, Hazleton & Wilkesbarre R'y bonds, 



Par Value. 

$20,000 00 

20,000 00 

20,000 00 

5,000 00 

10,000 00 

15,000 00 

15,000 00 

15,000 00 

15,000 00 

10,000 00 

5,000 00 

20,000 00 

10,000 00 

25,000 00 

30,000 00 

25,000 00 

5,000 00 

7,000 00 

10,000 00 

20,000 00 

12,000 00 

20,000 00 

5,000 00 

25,000 00 

10,000 00 

26,000 00 

10,000 00 

10,000 00 

25,000 00 

10,000 00 

30,000 00 

90,000 00 

30,000 00 

30,000 00 

10,000 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 



Market Value. 

$25,800 00 

20,000 00 

22,650 00 

5,500 00 

11,800 00 

15,750 00 

18,000 00 

16,500 00 

16,875 00 

12,800 00 

5,050 00 

12,000 00 

10,800 00 

26,500 00 

23,400 00 

26,500 00 

4,250 00 

7,000 00 

6,000 00 

25,600 00 

11,820 00 

21,700 00 

5,100 00 

17,500 00 

11,400 00 

24,960 00 

11,000 00 

18,000 00 

23,750 00 

10,000 00 

32,000 00 

99,125 00 

9,900 00 

33,000 00 

11,125 00 

10,500 00 

5,500 00 

10,400 00 

10,500 00 



368 



SPRING GARDEN INSURANCE CO. 



Terre Haute & Logansport R.R bonds, 
United Gas Improvement Co. bonds, 
Wilmington & Northern R.R. bonds, 



Securities held as collateral for cash loans : — 



Lehigh Valley annuity bonds, . 
Bloomington City Railway bonds, . 
Kansas City, Pitts. & Gulf R.R. bonds, 
225 shares Welsbach Commercial stock, 
Ground rents, . . . . 



Par Value. 

$20,000 00 
10,000 00 
25,000 00 



Market Value. 

119,000 00 
10,600 00 
26,250 00 



$735,000 00 $7-18,905 00 



Market Value. Loaned Thereon. 

$14,820 00 $13,500 00 

13,500 00 7,568 44 

5,460 00 > 

13,275 00 ( 15 ' 000 00 

224,200 00 138,600 00 



$271,255 00 $174,668 44 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, .... 

Reclaimable on perpetual deposits, . 
Reinsurance, ...... 

Prem's more than three mos. due, . $1,589 66 
Gross assets, 



^314,000 00 

128,250 00 

2,684 37 

748,905 00 

174,668 44 

20,010 80 

37,305 64 

2,669 78 

130,560 41 

1,000 00 

555 43 

225 00 

23 64 



:,560,858 51 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 



$4,968 37 

58,929 88 

6,450 00 



,348 25 
16,930 08 

$53,418 17 

451,613 03 

394,140 34 

4,105 73 

3,604 97 

13,467 07 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$219,825 00 
131,000 00 



SPRING GARDEN INSURANCE CO. 



369 



Return premiums and reinsurance, . 
Reserved for contingencies, 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



,031 80 
10,000 00 
1,779 33 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, . . . . . 
Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Income from all other sources, 

Deposits received for perpetual fire risks, 



$971,160 44 

$589,698 07 
400,000 00 

$189,698 07 



Gross cash income, 



Expenditures. 
Cash paid for fire losses, $297,864 67 

Deduct salvage and reinsurance, . . . 63,378 42 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 
Deposits returned on perpetual fire risks, . $ 12,086 20 

Gross cash expenditures, . 

Risks and Premiums. 



|126,292 48 

802,874 33 

$929,166 81 

130,560 41 

$798,606 40 

282,813 75 



sources, 



$23,791 53 



$515,792 65 

8,942 71 

42,985 67 

1,198 39 

1,518 36 

$570,437 78 



$234,486 25 
32,000 00 
123,671 26 
27,556 85 
24,476 76 
58,890 73 



$501,081 85 

Premiums. 

$883,813 00 
802,874 33 

1,686,687 33 
664,851 98 

1,021,835 35 
182,182 14 

. $92,105,608 00 $839,653 21 

Perpetual risks in force (not incl'd above), . $18,255,536 00 $432,378 15 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. $93,428,894 00 
. 85,635,572 00 

$179,064,466 00 
. 66,654,292 00 

$112,410,174 00 
. 20,304,566 00 



370 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



Miscellaneous. 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of comjoan}', 

Dividends declared during the year (8 per cent.), . . 

Company's stock owned by directors, . 



H,245,672 00 
239,377 00 

1,865,215 00 
32,000 00 
78,450 00 



"ST. PAUL FIRE AND MARINE INSURANCE COMPANY," 

ST. PAUL, MINN. 

[Incorporated May, 1865. Commenced business May, 1865.] 

Paid-up Capital, $500,000. 

C. H. BIGELOW, President. A. W. PERRY, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

320 shares First National Bank, St. Paul, . $32,000 00 $72,000 00 

500 " Merchants' National Bank, St. Paul, 50,000 00 50,000 00 

50 " Second Nat'l Bank, St. Paul, . . 5,000 00 11,250 00 

332 " St. Paul National Bank, St. Paul, . 33,200 00 26,560 00 

45 « First National Bank, Alexandria, . 4,500 00 6,300 00 

60 " Flour City Natl Bank, Minneapolis, 6,000 00 6,000 00 

50 " St. Paul Trust Comp'y, St. Paul, . 5,000 00 1,500 00 

50 " West Publishing Co., St. Paul, . 2,500 00 3,750 00 

25 " First National Bank, St. Peter, . 2,500 00 3,250 00 

50 " First National Bank, Stillwater, . 5,000 00 8,750 00 

45 " Northwests N'l B'k, Minneapolis, . 4,500 00 6,075 00 

125 " First National Bank, Minneapolis, . 12,500 00 12,500 00 

60 " American Exchange Bank, Duluth, 6,000 00 7,500 00 

50 " First National Bank, Duluth, . . 5,000 00 7,500 00 

25 " Northwestern Nat'l Bank, Superior, 2,500 00 2,500 00 

100 " North Amer. Tel. Co., Minneapolis, 10,000 00 10,000 00 

Minnesota Land & Invest. Co., St. Paul, stock, 8,100 00 17,192 34 

Northern Pacific R'y bonds, .... 100,000 00 94,500 00 

City of St. Paul, Minn., certificates, . . . 57,000 00 57,000 00 

City of Duluth, Minn , certificates, . . . 12,230 56 12,630 56 

City of Richmond, Va., bonds, . . ... 25,000 00 25,000 00 

State of Georgia bonds, . . . . . 25,000 00 26,000 00 

City of Portland, Ore., bridge bonds, . . 23,000 00 26,405 00 

City of Portland, Ore., water bonds, . . 27,000 00 30,880 00 

County of Missoula, Montana, bonds, . . 10,000 00 10,910 00 

Chic, St. Paul, Minneap. & Omaha R'y bonds, 50,000 00 67,500 00 

City of Faribault, Minn , bonds, . ' . . 25,000 00 25,000 00 

City of Jordan, Minn., bonds, . . . . 29,000 00 30,450 00 

Town of Blue Earth City, Minn., bonds, . . 36,000 00 36,000 00 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



371 



County of Kidder, N. D., bonds, 

County of Barnes & Cass, N. D., sch'l dist. b'ds, 

Village of Detroit, Minn., school district b 1 ds, 

Town of Vernon Centre, Minn., bonds, . 

Town of Jo Davies, Minn., bonds, . 

Town of Elmore, Minn., bonds, 

Town of Winnebago City, Minn., bonds, . 

Village of Winnebago City, Minn., bonds, 

Town of Pilot Grove, Minn., bonds, . 

County of Morton, N. D., bonds, 

Village of Glencoe, Minn., bonds, . 

Village of Fulda, Minn., bonds, 

Chaska, Minn., school district bonds, 

Minneapolis Gas Light Co. bonds, . 

St. Paul Gas Light Co. bonds, . 

School Dist. 11, Big Stone County, Minn., b'ds, 

County of Jerauld, S. D., sch 1 ! township bonds, 

County of Barnes & Cass, N. D., sch 1 ! dist. b'ds, 

Contracts of sale of lands, 

County of Ramsey tax sale certificate, 

County warrants, 



Par Value. 

$9,000 00 
7,500 00 
5,000 00 
1,000 00 
5,500 00 
6,500 00 

10,000 00 
5,000 00 
5,000 00 

12,000 00 
8,000 00 
5,000 00 
1,500 00 
1,000 00 

10,000 00 
3,000 00 
1,200 00 
2,100 00 
8,600 70 
4,188 69 
716 14 ' 



Market Value. 

$9,900 00 
8,250 00 
5,100 00 
1,000 00 
5,500 00 
6,500 00 

10,000 00 
5,000 00 
5,000 00 

13,080 00 
8,737 60 
5,250 00 
1,500 00 
1,050 00 

10,975 00 
3,000 00 
1,200 00 
2,100 00 
8,600 70 
4,188 69 
716 14 



$725,336 09 $811,551 03 



Securities held as collateral for cash loans : 



North American Telegraph Co., 
Continental N'l B'k of Chicago, 111., 
First N'l B'k, Little Falls, Minn., . 
Strong- Hackett H'dware Co., St. PI, 
Rutland Co. N'l B'k, Rutland, Vt , . 
Merchants' National B'k, St. Paul, . 
Savings Bank, St. Paul, . 
Cons. Elevator Co., Duluth, . 
West Side Bank, St. Paul, 
Spring Valley Coal Company, 
St. Paul Foundry Company, . 
Minneapolis Union Elevator Co., . 
Farwell, Ozmun, Kirk & Co , St. P , 
St. Paul Title Ins. & Trust Co., 
Pioneer Press Co., St. Paul, Minn., . 
s, Minn , Electric & Water Co. b'ds, 
s, Minn., Water Power Co. bonds, . 



Excess of loan over market value, 



150 shares 


100 


it 


50 


k 


70 


u 


75 


it 


192 


it 


471 


(t 


184 


(C 


10 


tt 


400 


CI 


500 


tt 


77 


(( 


375 


It 


30 


tt 


124 


it 


Little 


Fall 


Little Fall 



Market Value. 

$15,000 00 

13,300 00 

6,250 00 

7,000 00 

9,750 00 

19,200 00 

47,100 00 

12,880 00 

1,000 00 

20,000 00 

25,000 00 

7,700 00 

41,250 00 

750 00 

3,100 00 

34,200 00 

22,500 00 

$285,980 00 



Loaned Thereon. 

$10,000 00 

10,000 00 

5,000 00 

2,500 00 

7,500 00 

15,300 00 

44,962 75 

9,500 00 

600 00 

17,700 00 

20,000 00 

7,500 00 

22,000 00 

2,400 00 

3,000 00 

23,606 03 

15,000 00 

$216,568 78 

1,650 00 



$214,918 78 



372 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 

Gross assets, 

Deduct special deposits in other States, . 



Balance, $2,253,770 05 



$574,853 43 
375,907 42 
811,551 03 
214,918 78 

11,696 81 
169,406 41 
176,220 49 

27,500 68 



1,362,055 05 
108,285 00 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, . 

Surplus over capital, . 



$31,926 55 

123,680 70 

11,607 14 

$167,214 39 

26,219 23 

$140,995 16 

964,111 99 

26,584 81 

73,768 21 

1,205,460 17 

21,873 29 



1,183,586 88 

51,070,183 17 

500,000 00 

$570,183 17 



Income. 



Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 


. $174,900 27 
. 1,561,350 03 


Total, ....... 

Premiums now in course of collection, „ 


. $1,736,250 30 
176,220 49 


Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 


. $1,560,029 81 
264,533 73 




* Value of lands mortgaged, .... 
Value of buildings thereon, . . . 
Amount of insurance held as collateral, . 


. $803,600 00 
424,950 00 
314,175 00 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



373 



Marine premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 

Total, . . . . . 
Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 



Gross cash income, 



$26,589 51 
334,586 23 

$361,175 74 

27,500 68 

$333,675 06 
66,534 14 



sources, 



$267,140 92 
24,092 43 
44,788 81 
11,483 84 

$1,643,002 08 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$699,971 01 

39,311 82 

$230,968 61 

32,496 77 



$660,659 19 



198,471 84 

50,000 00 

326,908 50 

71,108 51 

32,183 63 

96,017 86 



$1,435,349 53 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total,. ..... 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$139,768,950 00 
104,644,588 00 



$244,413,538 00 
101,930,964 00 

$142,482,574 00 
9,639,191 00 



Premiums. 

$1,805,391 23 

1,561,350 03 

$3,366,741 26 

1,491,234 05 

$1,875,507 21 

118,832 56 



$132,843,383 00 $1,756,674 65 



$3,640,349 00 
26,276,377 00 

$29,916,726 00 
24,685,156 00 

$5,231,570 00 
662,914 00 



$130,922 69 
334,586 23 

$465,508 92 
295,099 15 

$170,409 77 
24,545 49 



$4,568,656 00 $145,864 28 



374 



TEUTONIA INSURANCE CO, 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the 3 T ear, - . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . . . 



'22,740,478 00 

14,232,371 00 

666,366 00 

203,351 00 

1,346,694 00 

50,000 00 

75,600 00 



"TEUTONIA INSURANCE COMPANY OF NEW ORLEANS," 

NEW ORLEANS, LA. 

[Incorporated April 12, 1871. Commenced business June 1, 1871.] 

Paid-up Capital, $250,000. 

ALBERT P. NOLL, President. GEORGE MEYER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

New Orleans city bonds, . . . . . $265,000 00 

Louisiana State bonds, . . . . . 160,000 00 

United States bonds, 50,000 00 

100 shares Canal Bank, New Orleans, . . 10,000 00 

25 " Germania Nl Bank, New Orleans, . 2,500 00 

10 " Provident Savings Bank, N. O., . 1,000 00 



Market Value. 

$299,850 00 

163,200 00 

57,000 00 

12,400 00 

2,500 00 

780 00 



$488,500 00 $535,730 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $40,000 00 

Loans on mortgage of real estate (first liens*), 14,750 00 

Stocks and bonds, as per schedule, . . . 535,730 00 

Cash in the office of the company, . . . 363 83 

Cash deposited in bank, ..... 37,325 25 

Premiums in course of collection (gross), . 60,158 66 

Gross assets, 



,327 74 



Liabilities. 

Unpaid losses, . $13,574 65 

Unearned premiums on outstanding risks, . 210,325 12 
Dividends to stockholders unpaid, . . . 13,135 00 

Gross liabilities, except capital, . . 237,034 77 

Surplus as regards policy holders, $451,292 97 

Paid-up capital, ......... 250,000 00 

Surplus over capital $201,292 97 

* Total value of property mortgaged $33,000 00 

Amount of insurance held as collateral 21,800 00 



TEUTONIA INSURANCE CO. 



375 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $63,823 70 

Premiums on risks written or renewed, . . 468,239 60 

Total, . . . . . . . $532,063 30 

Premiums now in course of collection, . . 58,700 16 

Entire premiums collected, .... -$473,363 14 

Less reinsurance and return premiums, . . 132,297 04 

Net cash fire premiums received, . . . 1341,066 10 

Marine premiums outstanding Dec. 31, 1896, . $2,045 60 

Premiums on risks written or renewed, . . 29,017 66 

Total, . . . . ■ . . . . $31,063 26 

Premiums now in course of collection, , . 1,458 50 

Entire premiums collected, .... $29,604 76 

Less reinsurance and return premiums, . . 6,742 15 

Net cash marine premiums received, . . 22,862 61 

Interest and dividends received from all sources, . . , 20,167 78 

Gross cash income, . . . . . . . . $384,096 49 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 



$206,282 92 
29,711 27 



Risks and Pi 

Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1897, . 

Deduct risks expired and terminated, 



EMIUMS. 



. $31,256,118 00 

. 30,907,639 00 

. $62,163,757 00 

. 32,856,740 00 



. $29,307,017 00 

. 2,372,636 00 

.$26,934,381 00 

. $4,676,088 00 

. $4,676,088 00 



$176,571 65 
9,071 52 
25,000 00 
67,591 97 
22,772 32 
7,499 17 
19,993 61 

$328,500 24 



Premiums. 

$381,580 36 
468,239 60 

$849,819 96 
407,379 81 

$442,440 15 
29,456 91 

$412,983 24 

$29,017 66 

$29,017 66 



376 



TRADERS INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, • . 
Cash dividends declared from organization of compan}\ 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, . . 



$6,224,920 00 

2,910,364 00 

176,571 00 

9,071 00 

563,892 00 

12,500 00 

82,100 00 



"TRADERS' INSURANCE COMPANY," CHICAGO, ILL. 

[Incorporated February, 1865. Commenced business May, 1872.] 

Paid-up Capital, $500,000. 

E. BUCKINGHAM, President. R. J. SMITH, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $150,000 00 

Chicago Packing & Provision Co. bonds, . 25,000 00 

North Chicago Street R.R. Co bonds, . . 5,000 00 

Chicago, Milwaukee & St. Paul R'y Co. bonds, 20,000 00 

Chicago & Northwestern Railway bonds, . 5,000 00 

Chicago, R. I. & P. Railway bonds, . . . 20,000 00 

Cass Avenue & Fair Grounds Railway bonds, 10,000 00 

Chicago & Eastern Illinois R.R. bonds, . . 10,000 00 

Lake Erie & Western R.R. bonds, . . . 20,000 00 

American Exchange National Bank stock, . 25,000 00 

National Bank of America stock, . . . 30,000 00 

Union National Bank stock, .... 20,000 00 

Continental National Bank stock, . . . 32,500 00 

Corn Exchange Bank stock, .... 10,000 00 

Chicago & Alton R.R. stock, .... 25,000 00 

Chicago, Milwaukee & St. Paul Railway stock, 100,000 00 

Chicago & N. W. Railway stock, . . . 75,000 00 

Chicago City Railway stock, .... 157,000 00 

Chicago West Div. Railway stock, . . . 6,800 00 

North Chicago City Railway stock, . , . 5,000 00 

North Chicago Street R.R. stock, . . . 60,000 00 

National Railway stock, . . . . 56,700 00 

South Side Elevated R.R. stock, . . . . 29,700 00 

Tri-City Railway stock, . . .-'_.. . 10,000 00 

Central Music Hall stock, .... 2,200 00 

Chicago Leasehold, trustees' stock, ... 25,000 00 

City of Chicago warrants, .... 20,000 00 

Town of Cicero warrants, .... 6,741 10 

Illinois Central R.R. stock, . " ' . . . 20,000 00 

Wabash R.R bonds, 25,000 00 

Atchison, Topeka & Santa Fe R'y bonds, . 35,000 00 



Market Value. 

|169,125 00 

25,750 00 

5,000 00 

20,800 00 

5,800 00 

21,500 00 

10,100 00 

10,100 00 

23,200 00 

21,250 00 

34,500 00 

23,000 00 

39,975 00 

26,000 00 

40,750 00 

118,500 00 

101,500 00 

370,520 00 

40,800 00 

25,000 00 

137,400 00 

58,401 00 

18,265 50 

10,000 00 

7,700 00 

20,000 00 

20,000 00 

6,181 52 

20,800 00 

26,750 00 

31,150 00 



$1,011,641 10 $1,489,818 02 



traders' INSURANCE CO. 



377 



Securities held as collateral for cash loans : 
Chicago Auditorium Association bonds, . 

Summary op Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, , 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Due for losses paid and premiums advanced, 
Prem's more than three mos. due, $1,761 72 
Gross assets, 

Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, ... 
Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
All other items, .... 

Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 

Income. 
Fire premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, . . 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



Market Value. Loaned Thereon. 

i,000 00 $22,500 00 



31, 1897. 

$17,710 92 

216,750 00 

6,430 41 

1,489,818 02 

22,500 00 

450 64 

50,440 79 

8,504 73 

67,424 01 

12,947 35 



$1,892,976 87 



H3,123 54 
52,220 04 
16,938 40 



,281 98 
9,832 41 

$72,449 57 

479,031 76 

9,566 44 

7,491 49 

32,272 51 



600,811 77 

. $1,292,165 10 
500,000 00 

. $792,165 10 



$64,786 73 

683 87 

$64,102 86 

847,571 69 

$911,674 55 

68,501 86 

$843,172 69 

182,748 15 



$660,424 54 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$293,042 00 
263,483 00 
203,933 00 



878 



UNION INSURANCE CO. 



Interest received on mortgages, . . 

Interest and dividends received from all other sources, . 

Income from rents, . . . ._•'". 

Gross cash income, ... 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



|358,907 35 
33,624 96 



$14,098 84 

63,669 81 

449 79 

$738,642 98 



$325,282 39 
50,000 00 
113,807 55 
67,383 93 
22,977 10 
61,537 57 

$640,988 54 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

. $70,208,928 00 $988,749 26 
. 67,247,669 00 .847,571 69 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$137,456,597 00 $1,836,320 95 
61,040,648 00 839,357 53 



$76,415,949 00 $996,963 42 
4,770,044 00 61,282 18 



$71,645,905 00 $935,681 24 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent ), 
Company's stock owned by directors, .... 



$12,309,795 00 

7,516,173 00 

325,639 00 

1,272,500 00 

50,000 00 

139,900 00 



"UNION INSURANCE COMPANY OF PHILADELPHIA," 
PHILADELPHIA, PA. 

[Incorporated Feb. 6, 1804. Commenced business July 25, 1803 ] 

Paid-up Capital, $200,000. 

CHAS. S. HQLLINSHEAD, President. E. R. DANNELS, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, . ..... $10,00000 $11,45000 

Baltimore & Ohio R.R. Co. bonds, . . 25,000 00 27,500 00 



UNION INSURANCE CO. 



379 



Susquehanna Coal Co. bonds, . 
Steubenville & Indiana R.R. Co. bonds, . 
Chesapeake & Delaware Canal Co. bonds, 
Philadelphia & Reading R.R. bonds, 
New York Car Trust bonds, 
Shamokin, Sunbury & Lewisburg R.R. Co. b'ds 
Perkiomen R.R. Co. bonds, 
Lehigh Valley R.R. Co. bonds, 
North Penn. R.R. Co. bonds, . 
Hestonville, Mantua & Fair. Pass. R.R. bonds 
People's Passenger Railway Co. bonds, . 
Lehigh Coal and Navigation Co. bonds, . 
Cincinnati, Dayton & Ironton R.R. bonds, 
Terminal R.R. Association of St. Louis bonds 
Atlantic City R.R, Co. bonds, . 
Union Traction Co. trust certificates, 
Huntingdon & Broad Top Car Trust Fund b'ds 
Baltimore & Ohio R R. Co. receivers' certifs, 
Easton & Amboy R.R. Cotrustees' certificates 
Penn. & New York Canal & R.R. Co. bonds, 
Bloomfield Street Railway Co. bonds, 
Lynn & Boston R.R. Co. bonds, 
Camden & Suburban Railway Co. bonds,. 
100 shares Little Schuylkill R.R. Co., 
136 " North Pennsylvania R.R. Co., 
88 " Delaware Insurance Co., 
68 " Philadelphia National Bank, . 
88 " Farmers 1 & Mechanics' N'l Bank, 
100 " Philadelphia Traction Co., . 
109 " Thirteenth & Fift'th Sts. Pass. R'y, 
120 " Philadelphia & Reading R.R. Co., . 



Securities held as collateral for cash loans :- 

14 shares Commonw'th Title Ins. & Trust Co., 
United New Jersey R.R. & Canal Co. bonds, . 
22 shares Commonw'th Title Ins. & Trust Co., 
10 " Pennsylvania Fire Insurance Co., 

5 " American Fire Insurance Co., . 

3 " Reliance Insurance Co., . 

2 " Pennsylvania R.R. Co., 
Philadelphia & Reading R.R. bonds, 
100 shares Continental Passenger Railway Co., 

54 " Union National Bank, 

13 " Guarantee Trust & Safe Deposit Co., 

70 " Consol. Traction Co. of Pittsburgh, 



Par Value. 

$10,000 00 

15,000 00 

15,000 00 

39,000 00 

10,000 00 

4,000 00 

13,000 00 

10,000 00 

2,000 00 

20,000 00 

11,000 00 

10,000 00 

5,000 00 

5,000 00 

11,000 00 

5,000 00 

10,000 00 

10,000 00 

14,000 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 

5,000 00 

6,800 00 

2,200 00 

6,800 00 

8,800 00 

5,000 00 

5,450 00 

6,000 00 



Market Value. 

111,700 00 
16,500 00 

7,950 00 
46,040 00 
10,000 00 

4,040 00 
13,325 00 
12,350 00 

2,240 00 
23,100 00 
12,050 00 
10,400 00 

5,550 00 

5,400 00 
11,825 00 

3,900 00 
10,000 00 
10,100 00 
15,050 00 
10,600 00 
10,600 00 

5,150 00 

5,000 00 

5,300 00 
12.240 00 

2,200 00 
13,600 00 

9,196 00 

7,825 00 
28,667 00 

1,416 25 



$330,050 00 $382,264 25 



Market Value. Loaned Thereon. 



$5,000 00 



!> 5,000 00 



$938 00 ) 
5,500 00 S 
1,474 00^ 
3,550 00 | 

750 00 

174 00 

114 50 

860 00 J 

14,000 00 9,000 00 

4,050 00 1,500 00 

2,310 00 1,709 75 

2,940 00 2,300 00 

$36,690 50 $24,509 75 



360 



UNION INSURANCE CO. 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, 
Cash in hands of manager, 

Perpetual insurance, 

Prem's more than three mos. due, . f 742 38 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Keclaimable on perpetual fire policies, . 
Commissions and brokerage, . 
All other items, . . 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, ..... 

Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



31, 1897. 

$160,000 00 

9,900 00 

97 50 

382,264 25 

24,509 75 

4,932 41 

18,485 16 

200 00 

65,980 67 

1,000 00 

10,772 74 

742 50 



|12,857 38 

27,169 56 

160 00 

$40,186 94 
111 87 



),075 07 

214,301 73 

35,020 33 

19,064 94 

29 70 

102 19 



,012 21 
185 56 



$59,826 65 

361,415 05 

$421,241 70 

66,980 67 

$354,261 03 

56,548 06 



$678,884 98 



308,593 96 

$370,291 02 

200,000 00 

$170,291 02 



$297,712 97 



* Total value of property mortgaged, $16,000 00 

Amount of insurance held as collateral, .... 7,000 00 



UNITED FIREMEN'S INSURANCE CO. 



381 



Interest received on mortgages, ...... $495 00 

Interest and dividends received from all other sources, . . 19,188 37 

Income from rents, 2,209 98 

Deposits received for perpetual fire risks, . $925 29 

Gross cash income, $319,606 32 



Expenditures. 

Cash paid for fire losses, t $159,252 08 

Deduct salvage and reinsurance, . . . 4,107 50 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for incidentals, .... 

Deposits returned on perpetual fire risks, . $725 84 

Gross cash expenditures, 



$155,144 58 
13,659 44 
61,287 50 
36,586 60 
10,158 07 
29,178 67 

$306,014 86 



Risks and Premiums. 

Fire risks outstanding Dec. 31, 1896, . . $38,131,197 
Fire risks written during 1897, . . . 33,046,778 

Total, . . v $71,177,975 

Deduct risks expired and terminated, . . 31,650,499 

In force at end of year, . \ . , 
Deduct amount reinsured, 

Net amount in force, . , . .$38,562,938 

Perpetual risks in force (notincl'd above), . $1,313,828 



Premiums. 

00 $425,424 83 
00 361,415 05 



00 $786,839 88 
00 358,324 73 



.$39,527,476 
964,538 



00 $428,515 15 
00 10,318 90 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . • 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



00 $418,196 25 
00 $38,911 48 



$24,411,397 00 

17,241,399 00 

158,127 00 

1,906,221 00 

12,000 00 

44,080 00 



"UNITED FIREMEN'S INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 2, 1860. Commenced business April 1, 1861.] 

Paid-up Capital, $300,000. 

ROBERT B. BEATH, President. DENNIS J. SWEENY, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Allegheny Valley R.R. Co. bonds, . . . $20,000 00 $26,200 00 
Atlantic City R.R. Co. bonds, . . . 20,000 00 21,600 00 



382 



UNITED FIREMEN S INSURANCE CO. 



Baltimore & Potomac R.R. Co. tunnel bonds, 
Chicago & Western Ind. R.R. Co. bonds, 
Evansville & Terre Haute R.R. bonds, . 
Lehigh Valley R'y Co. bonds, . 
Lehigh Coal & Navigation Co. bonds, 
McKeesport & Belle Vernon R.R. Co. bonds, 
Northern Central R'y bonds, . 
Penna. & New York Canal &R R. Co. bonds, 
Phila. & Bait. Central R R. Co. certificate, 
Philadelphia & Erie R.R. Co. bonds, 
Pittsburg, Cincinnati & St. Louis R'y bonds, 
Pittsburg & Connellsville R.R. Co. bonds, 
Car Trusts of New York, . . . . 
Lehigh Valley R'y Co. Car Trust, . 
Electric & People's Traction Co. certificate, 
Newark (N. J.) Passenger R'y Co. bonds, 
People's Passenger R'y Co. certificate, . 
Philadelphia Traction Co. bonds, 
Second Ave. Traction Co. (Pittsburg) bonds, 
The Mortgage Trust Co. of Penn. debenture, 
The Real Estate, Title Ins. & Trust Co. deben 
City of Woonsocket, Dakota, bonds, 
200 shares Continental Pass'r R'y (Phila.), 
30 " Frankford & Southwark Pass. R'y 
199 " Union Passenger R'y, 
154 " Union Traction Co., Philadelphia, 



Par Value. 

$5,000 00 
10,000 00 
10,000 00 
20,000 00 
20,000 00 
10,000 00 
10,000 00 
20,000 00 
10,000 00 
20,000 00 
17,000 00 
10,000 00 
15,000 00 
15,000 00 
15,200 00 
10,000 00 
15,000 00 
10,000 00 
15,000 00 
10,000 00 
20,000 00 
6,000 00 
10,000 00 
1,500 00 
9,950 00 
1,925 00 



Market Value. 

$6,150 00 
12,000 00 

7,200 00 
20,600 00 
20,900 00 
13,000 00 
11,500 00 
18,600 00 
10,300 00 
26,100 00 
18,700 00 
10,400 00 
14,940 00 
15,150 00 
11,856 00 
11,100 00 
15,300 00 
10,400 00 
16,200 00 

7,500 00 
20,000 00 

6,000 00 
27,000 00 
11,160 00 
44,824 75 

1,848 00 



Securities held as collateral for cash loans : — 



50 shares 13th & 15th Streets Passenger R'y, 
20 " Bucks Co., Pa., Trust Co., 
12 " New Hope Delaware Bridge Co., 
10 " Title Guarantee & Trust Co., N.Y. 
200 " Philadelphia Traction Co., 
Consolidated Traction Co., N. J., bonds, . 
75 shares Real Estate, Title Ins. & Trust Co. 
100 " Record Publishing Co., Phila., 
500 " Philadelphia Traction Co., 



$356,575 00 |436,528 75 



Market Value. Loaned Thereon. 



$13,100 00^ 
2,000 00 
1,200 00 
2,700 00 
15,400 00 I 
5,940 00 J 
8,625 00 
10,000 00 
38,500 00 



} $19,000 00 



5,000 00 

7,500 00 

25,000 00 



,465 00 $56,500 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . $179,950 00 
Loans on mortgage of real estate (first liens*), 707,940 38 
Interest due or accrued thereon, . . , 13,130 85 



* Total value of property mortgaged, $1,495,575 00 

Amount of insurance held as collateral, . 522,79100 



UNITED FIREMEN S INSURANCE CO. 



383 



Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . , . 
Cash deposited in bunk, 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, .... 
Perpetual deposits' and surveys, 
All other items, . . . . 
Prem's more than three mos. due, . $641 14 
Gross assets, 



$136,528 75 

56,500 00 

5,317 23 

64,261 07 

1,010 26 

42,835 50 

70 00 

485 58 

5,271 88 

100 00 



,513,431 50 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, . . . 



),123 05 

16,907 36 

9,246 34 

202,880 72 

707,669 86 

853 51 

1,800 90 

9,568 91 

6,723 56 

1,528 49 



967,302 70 

$546,128 80 
300,000 00 

$246,128 80 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, ..... 

Net collected, ..... 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, ..... 

Income from all other sources, 

Deposits received for perpetual fire risks, 

Gross cash income, .... 



$41,373 00 
1,577 33 

f39,795 67 
306,402 34 

$346,198 01 
43,546 64 



$302,651 37 
48,206 08 



sources, 



$37,913 01 



$254,445 29 

39,862 69 

24,387 37 

3,727 50 

72 66 



$322,495 51 



384 



UNITED STATES FIRE INSURANCE CO. 



Expenditures 
Cash paid for fire losses, .... 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 
Deposits returned on perpetual fire risks, 



Gross cash expenditures, 



$16,385 71 



$108,516 48 

30,000 00 

55,289 51 

26,309 63 

6,740 13 

33,526 16 

$260,381 91 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

. $37,112,626 00 $414,423 44 
. 29,972,348 00 306,402 34 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



,084,974 00 $720,825 78 
28,197,551 00 309,460 16 



87,423 00 $411,365 62 
2,212,264 00 24,759 34 



.$36,675,159 00 $386,606 28 



Perpetual risks in force (not incTd above), .$34,284,488 00 $782,803 12 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



14,362,373 00 

2,561,729 00 

123,958 00 

443,506 00 

30,000 00 

81,900 00 



"UNITED STATES FIRE INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated April 1, 1824. Commenced business April 9, 1824] 

Paid-up Capital, $250,000. 

W. W. UNDERHILL, President. W. H. GRIFFEN", Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, ...... $ 102,000 00 

Rensselaer & Saratoga Railroad stock, . . 25,000 00 

New York Central & Hudson River R R. stock, 10,000 00 

Consolidated stock, New York bonds, . . 85,000 00 

Consolidated stock, New York stock, . . 15,000 00 



Market Value. 

$121,050 00 
45,000 00 
10,600 00 
91,471 25 
15,900 00 



1237,000 00 $284,021 25 



UNITED STATES FIRE INSURANCE CO. 



385 



Summary of Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens*), $376,200 00 
Interest due or accrued thereon, . . 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets,f . . ... 
Deduct special deposits in other States, , 

Balance, ...... 



2,533 30 
284,021 25 
2,575 09 
3,710,19 
3,620*00 
64,361 50 



$737,021 33 
69,750 00 

,271 33 



Liabilities. 

Losses adjusted, unpaid, . , 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, . . ■- . 
Less reinsurance, . ... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, ..... 

Net collected, . 
Premiums on risks written or renewed, . 

Total, . 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



$6,698 30 

20,322 00 

6,543 21 

$33,563 51 
2,341 00 

$31,222 51 

240,321 42 

2,308 06 

13,469 29 

11,090 48 

261 37 

,673 13 

8,071 02 



$52,727 83 
1,246 01 

$51,481 82 
345,246 31 

$396,728 13 
60,360 37 

$336,367 76 
69,502 41 



290,602 11 

$376,669 22 
250,000 00 

$126,669 22 



$266,865 35 



* Value of lands mortgaged $277,000 00 

Value of buildings thereon, 413,000 00 

Amount of insurance held as collateral, .... 415,000 00 

| Including $125,000 special reserve fund held under New York law. 



386 



UNITED STATES FIRE INSURANCE CO. 



Marine premiums outstanding Dec. 31, 1896, 
Same not collected, . . . 

Net collected, ..... 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 



$2,178 57 
05 

$2,178 52 
36,782 73 

,961 25 
4,001 13 



Entire premiums collected, .... $34,960 12 
Less reinsurance and return premiums, . . 3,334 81 

Net cash marine premiums received, . . — • $31,625 31 

Interest received on mortgages, ...... 21,013 88 

Interest and dividends received from all other sources, . . 5,023 56 

Income from all other sources, . . . . . . 7,843 75 

Gross cash income, $332,371 85 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent, 

for incidentals, 



$130,162 63 
12,006 42 



$14,075 21 
1,334 59 



Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, . . . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . • . 

Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, 

Total, . . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$45,676,645 00 
33,889,845 00 

$79,566,490 00 
35,825,778 00 



$43,740,712 00 
2,877,757 00 



$40,862,955 00 

$730,551 00 
1,407,693 00 

$2,138,244 00 
956,610 00 



1,181,634 00 
35,500 00 



$118,156 21 



12,740 62 
. 20,000 00 

76,065 42 

25,220 07 
6,668 00 
7,000 00 

21,072 84 

$286,923 16 

Premiums. 

$458,854 93 
345,246 31 



,101 24 
362,599 43 



$441,501 81 
27,175 01 



$414,326 80 

$23,064 64 
36,782 73 



,847 37 

26,699 16 

$33,148 21 

900 20 



$1,146,134 00 $32,248 01 



UNITED STATES LLOYDS. 



387 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.)', . 
Company's stock owned by directors, , . . 



^6,368,026 00 

3,396,638 00 

115,871 00 

16,581 00 

1,866,590 00 

20,000 00 

58,625 00 



UNITED STATES LLOYDS, NEW YORK, N. Y. 

[Commenced business December, 1872.] 
HICGINS, COX & APPLETON, Attorneys. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Massachusetts State bonds, . $50,000 00 $54,500 00 

United States bonds, ..... 28,000 00 30,860 00 

New York city stock, 100,000 00 102,000 00 

Boston city bonds, 50,000 00 56,500 00 

St. Louis city bonds, 50,000 00 52,000 00 

West Shore R.R. bonds, 50,000 00 54,000 00 

Chicago, Rock Island & Pacific R.R. bonds, . 50,000 00 52,500 00 

Havana municipal bonds, 5,000 00 4,700 00 

Consolidated stock, city of New York, . . 25,000 00 25,000 00 

Atlantic Mutual Insurance Co. scrip, . . , 82,470 00 - 82,470 00 



$490,470 00 $514,530 00 



Securities held as collateral for cash loans 

Home Insurance Co. stock, 
Long Island Loan and Trust Co. stock, . 
Texas Pacific R.R. bonds, 
Y Detroit Citizens' Street Railway bonds, . 
Allentown & Lehigh Valley Trac. Co. bonds, 
Wabash R.R. bonds, . 
Norfolk & Western R.R. bonds, 
Pennsylvania R R. Co.' stock, . 
N. Y. Central & H. R. R.R. stock, 
Illinois Central R.R. stock, 



$4,000 00 



Market Value. Loaned Thereon. 

$7,000 00 

2,225 00 

9,725 00 ^ 
18,000 00 I 

13,500 00 } 50,000 00 
12,075 00 | 
11,850 00 J 
11,450 00 >> 

5,325 00 

5,175 00. 



16,000 00 



,325 00 f 70,000 00 



Summary of Assets Dec. 31, 1897. 

Stocks and bonds, as per schedule, . . . $514,530 00 
Loans on collateral security, as per schedule, . 70,000 00 



888 



UNITED STATES LLOYDS. 



Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, . . 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Salvage and reinsurance, . . $ 107,882 31 
Prem's more than three mos. due, 10,694 60 
Gross assets, 



$2,000 00 
120,758 05 

10,578 34 

119,361 35 

1,476 55 



,704 29 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Cash deposited in trust, .... 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Return premiums, ..... 

Reinsurance, 

Rebate, 

Gross liabilities, except capital, 



$116,150 00 

126,670 03 

18,038 99 

1,788 97 

4,100 00 

33,000 00 

1,079 56 

1,467 85 



302,295 40 



Surplus, $536,408 89 



Income. 

Marine premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, ....... 

Premiums now in course of collection, . 



Entire premiums collected, .... $ 1,480,839 64 
Less reinsurance and return premiums, . . 1,048,616 36 

Net cash marine premiums received, . . — - $432,223 28 

Interest and dividends received from all sources, . . . 26,429 19 
Income from commissions, discount, reinsurance, etc , . , 109,210 50 



$199,225 90 
1,413,146 24 

^1,612,372 14 
131,532 50 



Gross cash income, $567,862 97 



Expenditures. 

Cash paid for marine and inland losses, . . $920,300 44 
Deduct salvage and reinsurance, . . . 672,803 36 

Net cash paid for marine and inland losses, , 

Cash dividends paid, . . . , 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, . 

for State and local taxes, .... 

for profit and loss depreciation in investment, 



$247,497 08 

50,000 00 

48,040 41 

52,019 70 

1,656 10 

418 75 



Gross cash expenditures, 



$399,632 04 



VICTORIA FIRE INSURANCE CO. 



389 



Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, . 



Risks and Premiums. 

Premiums. 

$12,277,909 00 $148,443 29 
293,040,426 00 1,413,146 24 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$305,318,335 00 $1,561,589 53 
292,598,521 00 1,434,919 50 



$12,719,814 00 $126,670 03 
8,144,179 00 77,148 70 



t,575,635 00 $49,521 33 



Miscellaneous. 

Marine and inland losses incurred during the year, 
Dividends declared during the year (50 per cent.), 



,113,295 00 
50,000 00 



"VICTORIA FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated June 24, 1896. Commenced business July 1, 1896.] 

Paid-up Capital, $200,000. 

HENRY H. HALL, President. EDW. K. BEDDALL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds,. . . $125,000 00 $157,125 00 

City of Chicago river bonds, . 
Maine Central R.R bonds, 
New York city stock, 
Beech Creek R.R. stock, . 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash deposited in bank, ..',... 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, , 

Liabilities. 
Unpaid losses, ...... 

Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 



20,000 00 


21,500 00 


15,000 00 


15,675 00 


50,000 00 


53,000 00 


11,200 00 


12,152 00 


$221,200 00 


$259,452 00 


:. 31, 1897. 




. $259,452 00 




20,835 63 




550 00 




18,080 13 






$298,917 76 




$19,441 98 




41,310 46 




62 63 





390 



VICTORIA FIRE INSURANCE CO. 



Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, . 



$3,309 66 

4,662 94 

69 64 



,857 31 



1230,060 45 
200,000 00 



$30,060 45 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, ....... 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Gross cash income, ..... 



$8,071 84 

102,861 49 

$110,933 33 
18,080 13 



$92,853 20 
14,786 89 



$78,066 31 
7,701 72 

$85,768 03 



Expenditures. 
Cash paid for fire losses, ..... 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, . 
for incidentals, . . ■ . 

Gross cash expenditures, ./.'.. 



$24,357 60 

14,347 19 

2,245 03 

1,143 80 

1,951 36 

$44,044 98 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$3,229,968 00 
10,341,770 00 

$13,571,738 00 
5,773,444 00 

$7,798,294 00 
424,300 00 



Premiums. 

$34,571 50 
102,861 49 

1137,432 99 
56,637 20 



,795 79 
2,857 30 



$7,373,994 00 $77,938 49 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$106,011 00 
25,757 00 
43,691 00 
32,500 00 



WESTCHESTER FIKE INSURANCE CO. 



391 



"WESTCHESTER FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated as mutual March 14, 1837. Commenced business as joint-stock Jan. 1, 1870.] 

Paid-up Capital, $300,000. 
GEO. R. CRAWFORD, President. JOHN Q. UNDERBILL, Secretary. 



Detailed Statement of Stocks and Bonds. 



Albany & Susquehanna R.R. stock, . 
New York & Harlem R R. stock, 
Rensselaer & Saratoga R.R. stock, . 
New York, Lacka. & Western R.R. stock, 
Rome, Watertown & Ogdensburg R.R. stock, 
Oswego & Syracuse R.R. stock, 
Long Island R.R. stock, . 
Chicago & Northwestern R.R. stock, 
Chicago, Milwaukee & St. Paul R.R. stock, 
Lake Shore & Michigan Southern R.R. stock, 
Delaware, Lackawanna & Western R.R. stock 
Pennsylvania R.R. stock, .... 
Delaware & Hudson Canal Co, stock, 
Western Union Telegraph Co. stock, 
Chicago & Alton R.R. stock, . 
Syracuse, Binghamton & N. York R.R. stock, 
New York Central & Hudson River R.R. stock 
United States consols, .... 
Chicago, Burlington & Quincy R.R. bonds, 
Erie Railroad bonds, .... 

St. Joseph & Grand Island R.R. bonds, . 
Atchison, Topeka & Santa Fe R.R. bonds, 
Chesapeake & Ohio R.R. bonds, 
New York, Ontario & Western R.R. bonds, 
Northern Pacific R.R. bonds, , 
Buffalo, Roch. & Pittsburg R.R. bonds, . 
Philadelphia & Reading R.R. bonds, 
Western Union Telegraph Co. bonds, 
Richmond, Va., city bonds, 
Missouri, Kansas & Texas R R. bonds, . 
Missouri Pacific bonds, .... 



Securities held as collateral for cash loans 
Central Bank, Westchester Co , stock, 



Par Value. 

$40,000 00 
60,000 00 
50,000 00 
80,000 00 
50,000 00 
20,000 00 
50,000 00 
50,000 00 
50,000 00 
20,000 00 
20,000 00 
50,000 00 
50,000 00 
50,000 00 
30,000 00 
40,000 00 
50,000 00 
75,000 00 
20,000 00 
60,000 00 
40,000 00 
20,000 00 
20,000 00 
20,000 00 
20,000 00 
20,000 00 
20,000 00 
20,000 00 
16,000 00 
20,000 00 
20,000 00 



Market Value. 

|72,000 00 
192,000 00 
88,000 00 
96,000 00 
61,000 00 
41,000 00 
19,000 00 
60,500 00 
71,000 00 
34,000 00 
31,000 00 
57,000 00 
56,000 00 
45,500 00 
49,000 00 
70,000 00 
53,500 00 
84,500 00 
19,500 00 
42,000 00 
28,000 00 
17,900 00 
22,500 00 
20,500 00 
23,000 00 
21,000 00 
16,800 00 
22,000 00 
16,000 00 
17,000 00 
18,800 00 



$1,151,000 00 $1,466,000 00 



Market Value. Loaned Thereon. 

$3,500 00 $2,500 00 



392 



WESTCHESTER FIRE INSURANCE CO. 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), , 
Prem's more than three mos. due, $10,490 18 

Gross assets, 

Deduct special deposits in other States, . 

Balance, ...... 

Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, 

Net collected, . 
Premiums on risks written or renewed, . 

Total,. 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



$219,000 00 

501,030 00 

6,867 07 

1,466,000 00 

2,500 00 

83,214 67 

142 50 

252,608 20 



,768 90 
71,167 22 

9,100 00 

$111,036 12 
2,286 67 

$108,749 45 

1,071,544 78 

51,240 60 

3,719 11 

?1,235,253 94 

44,885 51 



1,531,362 44 
100,500 00 

),430,86*2~44 



1,190,368 43 

11,240,494 01 

300,000 00 



,494 01 



$234,892 76 
7,362 19 

1227,530 57 
1,466,726 37 

11,694,256 94 

252,608 20 

51,441,648 74 
184,241 72 



,257,407 02 



* Value of lands mortgaged $374,000 00 

Value of buildings thereon, 678,800 00 

Amount of insurance held as collateral, 519,100 00 



THE WESTERN INSURANCE CO. 



393 



Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 



$29,406 01 

54,844 90 

559 98 



Gross cash income, . . $1,342,217 91 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for incidentals, . . . 

Gross cash expenditures, .... 



.$621,536 11 

32,070 97 



,465 14 

30,000 00 

269,275 39 

100,(>36 61 

31,027 64 

113,034 59 

.,132,839 37 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$201,487,424 00 $2,191,037 97 
131,165,231 00 1,466,726 37 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$332,652,655 00 $3,657,764 34 
130,245,028 00 1,465,289 50 



$202,407,627 00 
7,629,565 00 



,192,474 84 
75,289 23 



$194,778,062 00 $2,117,185 61 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$23,659,758 00 

12,970,099 00 

590,305 00 

768,000 00 

30,000 00 

77,140 00 



"THE WESTERN INSURANCE COMPANY OF PITTSBURGH," 

PITTSBURGH, PA. 

[Incorporated March 20, 1849. Commenced business May 1, 1849.] 

Paid-up Capital, $300,000. 

ALEXANDER NIMICK, President. WM. P. HERBERT, Secretary. 

Detailed Statement of Stocks and Bonds. 



United States bonds, . 
Allegheny County bonds, . 



Par Value. Market Value. 

$30,000 00 $33,825 00 
20,000 00 20,000 00 



394 



THE WESTERN INSURANCE CO. 



Pittsburgh Junction R.R. bonds, 

Pittsburgh & Western R.R. bonds, . 

100 shares Pittsburgh & Western R.R , , 

Pitts., Newcastle & Lake Erie bonds, 

Pittsburgh & Allegheny Bridge Co. bonds, 

Wilkinsburg Borough bonds, . 

Braddock Township school bonds, « 

New Brighton school bonds, 

German Protestant Evangelical Church bonds 

Bellevue Borough bonds, . 

Avalon Borough school bonds, . 

Monongahela Bridge Co. bonds, 

Jack^ Run Bridge Co. bonds, . 

East McKeesport school bonds, 



Par Value. 

$23,000 00 

10,000 00 

5,000 00 

1,500 00 

15,000 00 

30,000 00 

6,000 00 

6,000 00 

8,500 00 

4,500 00 

4,000 00 

3,100 00 

4,000 00 

2,500 00 



Market Value. 

$27,085 00 

7,900 00 

300 00 

1,515 00 

15,300 00 

31,200 00 

6,060 00 

6,180 00 

8,540 00 

4,680 00 

4,080 00 

3,131 00 

4,080 00 

2,650 00 



$173,100 00 $176,526 00 



Summary of Assets Dec. 31, 1897. 

Cash value of unencumbered real estate, . f 99,276 24 

Loans on mortgage of real estate (first liens*), 224,483 34 

Interest due or accrued thereon, , , . 3,350 55 

Stocks and bonds, as per schedule, . . . 176,526 00 

Cash in the office of the company, . . . 1,058 82 

Cash deposited in bank, ..... 17,314 76 

Interest due and accrued, 314 17 

Premiums in course of collection (gross), . 25,933 73 

Rents due and accrued, 275 00 

Gross assets, . „ . . . . 



$548,532 61 



Liabilities. 

Losses adjusted, unpaid, . . . . . $ 2,518 35 

claimed and reported, .... 18,519 35 

disputed or resisted, .... 2,925 00 

Unearned premiums on outstanding risks, . 140,440 85 

Commissions and brokerage, .... 5,688 06 

Reinsurance disallowed, . . . . . 458 21 

Gross liabilities, except capital, . . — — — — - 



170,549 82 



Surplus as regards policy holders, 
Paid-up capital, 



$377,982 79 
300,000 00 



Surplus over capital, 



$77,982 79 



* Value of lands mortgaged, . . . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$273,250 00 
352,450 00 
195,950 00 



THE WESTERN INSURANCE CO. 



395 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $20,895 81 
Premiums on risks written or renewed, . . 214,940 47 

Total, $235,836 28 

Premiums now in course of collection, . . 25,933 73 

Entire premiums collected, .... $209,902 55 

Less reinsurance and return premiums, . . 25,983 37 

Net cash fire premiums received, 

Cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Income from rents, . . 

Gross cash income,. .... 

Expenditures. 
Cash paid for fire losses, $115,127 00 

Deduct salvage and reinsurance, , » . 1,587 44 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, ... 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1897, . 

Deduct risks expired and terminated, 



121,977,535 00 
18,746,112 00 



,723,647 00 
. 16,577,937 00 

. $24,145,710 00 
509,491 00 

.$23,636,219 00 

f22,007 00 

$22,007 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$183,919 18 

191 35 

14,480 82 

7,882 32 

975 00 

$207,448 67 



$113,539 56 

18,000 00 

40,997 04 

9,900 00 

4,893 37 

6,748 82 

$194,078 79 

Premiums, 

$260,715 30 
214,940 47 



$475,655 77 
200,410 74 



$275,245 03 
5,683 43 



$269,561 60 
$191 35 
$191 35 



£4,391,874 00 

2,515,285 00 

118,590 00 

953,500 00 

18,000 00 

58,950 00 



396 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 



" WILLTAMSBURGH CITY FIRE INSURANCE COMPANY," 

BROOKLYN, N. Y. 

[Incorporated March, 1853. Commenced business March, 1853.] 

Paid-up Capital, $250,000. 

MARSHALL S. DRIGGS, President. FRED'K H. WAY, Secretary. 



Detailed Statement of Stocks and Bonds. 



Richmond, Va., bonds, 
Georgia State bonds, .... 
Brooklyn Union Gas Co. bonds, 
Consolidated Stock, City of Brooklyn bonds, 
Long Island Bank, Brooklyn, stock, 
First National Bank, Brooklyn, stock, 
Brooklyn Union Gas Co. stock, 
Edison Electric Illuminating Co. stock, . 
King's County Trust Co., Brooklyn, stock, 
Brooklyn City R.R. stock, 
Brooklyn & New York Ferry Co. stock, . 
Union Ferry Co. of Brooklyn stock, 
Brooklyn Rapid Transit Co. stock, . 
Chicago, Milwaukee & St. Paul R.R. stock, 
People's Gas Light & Coke Co. stock, 
Western Union Telegraph Co. stock, 



Par Value. 

|13,500 00 
25,000 00 
9,000 00 
88,000 00 
10,000 00 
18,000 00 
35,000 00 
10,000 00 
9,000 00 

118,000 00 
12,500 00 
45,000 00 
70,000 00 
68,000 00 
30,000 00 
20,000 00 



Market Value. 

$13,500 00 

27,500 00 

9,900 00 

94,160 00 

72,000 00 

38,500 00 

10,000 00 

24,300 00 

224,200 00 

23,750 00 

27,000 00 

21,000 00 

96,560 00 

28,875 00 

18,000 00 



$581,000 00 f 729,245 00 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 



st liens*). 



Loans on mortgage of real estate (fir 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (g 
Rents due and accrued, 
Reinsurance, . . 
Prem's more than three mos. due, 

Gross assets.f • 
Deduct special deposits in other States, .. 



ross) , 



,974 98 



Balance, . . . . . . . . .$1,756,557 16 



$629,000 00 

250,900 00 

1,115 93 

729,245 00 

3,388 72 

81,684 40 

4,758 85 

92,054 83 

5,349 49 

59 94 



,797,557 16 
41,000 00 



* Value of lands mortgaged, $208,250 00 

Value of buildings thereon, 210,000 00 

Amount of insurance held as collateral, .... 212,800 00 

t Including $280,000 special deposit held under New York law. 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 



397 



Liabilities. 








Losses adjusted, unpaid, . 


$14,225 


47 




claimed and reported, . 


40,989 


31 




disputed or resisted, . . 


4,217 


77 




Total amount of losses, , 


$59,432 55 




Less reinsurance, . . " . 


953 


95 




Net amount of unpaid losses, . 


|58,478 


60 




Unearned premiums on outstanding risks, 


532,531 


17 




Dividends to stockholders unpaid, . 


15 


00 




Due and accrued for rent, salaries, etc., . 


283 


33 




State and local taxes, 


5,078 


39 




Commissions and brokerage, . 


15,013 


92 




Reinsurance, . . . . 


1,008 89 




Reinsurance disallowed, . , 


12,940 


96 




Gross liabilities, except capital, 


$625,350 


26 




Deduct liability on special deposits, 


20,249 


00 


$605,101 26 








Surplus as regards policy holders, . 


11,151,455 90 








250,000 00 




$901,455 90 


Income. 








Fire premiums outstanding Dec. 31, 1896, 


$89,116 


87 


- 


Same not collected, 


7,129 


35 




Net collected, ..... 


$81,987 52 




Premiums on risks written or renewed, . 


695,383 82 






. $777,371 


34 




Premiums now in course of collection, . 


94,029 


81 




Entire premiums collected, 


. $683,341 


53 




Less reinsurance and return premiums, . 


89,491 


48 




Net cash fire premiums received, 
Interest received on mortgages, 






$593,850 05 
14,200 71 


. . . 




Interest and dividends received from all othei 


■ sources, . 


• 


28,466 11 








28,775 44 




$665,292 31 



Expenditures. 



Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 



$244,022 41 
11,764 45 



$232,257 96 



398 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 



Cash dividends paid, . . . . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, ..... 

for expenses on real estate, 

Gross cash expenditures, .... 



),415 00 
145,240 55 
65,802 96 
10,207 20 
44,870 85 
18,290 57 

$567,085 09 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total,. ..... 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



1126,512,496 00 
78,340,123 00 

$204,852,619 00 
75,103,100 00 

$129,749,519 00 
5,183,286 00 



Premiums. 

11,055,943 07 
695,383 82 

(1,751,326 89 
668,009 34 

51,083,317 55 
43,349 33 



$124,566,233 00 $1,039,968 22 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (20 per cent.), 

Company's stock owned by directors, .... 



$16,073,217 00 

. 8,248,218 00 

255,660 00 

. 1,552,500 00 

50,000 00 

44,950 00 



AGGREGATE. 



Capital Stock. 




Capital actually paid up in cash, ..... 


$54,475,732 


Scrip outstanding, ......... 


7,211,920 


Assets. 




Gross present assets, 


$207,578,481 


Liabilities. 




Gross present liabilities, 


$88,566,897 


Income. 




Cash actually received for fire premiums, .-..'..'. 


$77,955,973 


for marine and inland premiums, .... 


6,150,230 


for interest and dividends from all sources, 


7,619,420 


from all other sources, . . . . . 


891,025 


Gross cash income, ....... 


192,616,648 


Expenditures. 




Cash actually paid during the year for fire losses, 


$38,469,819 


for marine and inland losses, ..... 


4,194,035 


for dividends to stockholders, ..... 


5,738,995 


for redemption of scrip, ...... 


1,375,750 


for interest to scrip holders, ..... 


448,982 


for brokerage and commission on premiums, . 


15,835,353 


for salaries and pay of officers and employees, . 


6,932,776 


for State and local taxes, . . . 


2,183,118 


for office, agency and incidental expenses, 


6,652,455 


Gross cash expenditures, . . . 


$81,831,283 


Miscellaneous. 




Whole amount of fire risks written during the year, . 


19,667,917,846 


premiums charged or receivable thereon, 


99,918,723 


marine and inland risks written during the year, . 


1,549,486,888 


premiums charged or receivable thereon, 


8,801,828 


fire risks terminated during the year, 


9,021,629,931 


marine and inland risks terminated, 


1,540,913,218 


fire risks outstanding at end of year, 


12,536,085,903 


marine and inland risks outstanding, 


185,275,837 


cash dividends declared during the year, 


5,671,681 


fire losses incurred during the year, 


38,938,224 


marine losses incurred during the year, . 


5,543,644 



UNITED STATES BRANCHES OF 

FOREIGN FIRE AND MARINE 
INSURANCE COMPANIES 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

December 31, 1897. 



402 



AACHEN AND MUNICH FIRE INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



UNITED STATES BRANCH OF THE " AACHEN AND MUNICH FIRE 
INSURANCE COMPANY," AIX-LA-CHAPELLE, GERMANY. 

Deposit Capital, $200,000. 

WEED & KENNEDY, United States Managers. 

Office, New York City. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, . . . . . . $275,000 00 $352,000 00 

City of New York bonds, ..... 275,000 00 275,000 00 



$550,000 00 $627,000 00 



Summary of Assets Dec 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, ..... 



31, 1897. 

$627,000 00 

604 93 

145,429 67 

1,375 00 

61,049 27 



$835,458 87 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 



Balance, 



$64,000 00 
5,941 60 



69,941 60 

$765,517 27 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, . . . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 



$5,606 93 

20,654 37 

4,686 74 



,948 04 
730 00 



$30,218 04 

236,682 91 

11,175 05 



AACHEN AND MUNICH FIRE INSURANCE CO. 



403 



Return premiums, .... 
Reinsurance, ..... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, .... 

Surplus over capital, . 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, 

Net collected, . . . . « 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 

Gross cash income, . . . . 

Expenditures. 
Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent, .... 

for miscellaneous, . 
Remitted to home office, . 

Gross cash expenditures, . 

Risks and Premiums. 



$450 77 
403 51 

$278,930 28 
8,221 00 



|40,905 56 
2,690 55 

$38,215 01 
529,717 45 

$567,932 46 
38,485 50 

$529,446 96 
103,959 70 



$118,876 45 
8,124 75 




$13,358 08 



Fire risks outstanding Dec 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



. $15,545,792 00 
. 41,914,462 00 

. $57,460,254 00 
. 20,651,891 00 

.$36,808,363 00 
. 1,512,964 00 



$270,709 28 

$494,807 99 
200,000 00 

$294,807 99 



$425,487 26 
20,103 61 

$445,590 87 



751 70 

86,213 53 

58,750 12 

3,519 61 

2,858 00 
35,792 15 

$297,885 11 

Premiums. 

$186,070 05 
529,717 45 

$715,787 50 
246,566 50 

$469,221 00 
21,411 82 



Net amount in force, . 

Miscellaneous. 
Fire losses incurred during the year, 



. $35,295,399 00 $447,809 18 



$125,242 00 



404 



THE ALLIANCE ASSUKANCE CO. 



UNITED STATES BRANCH OF "THE ALLIANCE ASSURANCE 
COMPANY," LONDON, ENGLAND. 

Deposit Capital, $200,000. 

WEED & KENNEDY, United States Managers. 

Office, New York, N. Y. 



Detailed Statement of Stocks and Bonds. 



United States bonds, 

Consolidated stock of city of New York, 



Par Value. 

$240,000 00 
300,000 00 



Market Value. 

$269,400 00 
321,000 00 



$540,000 00 $590,400 00 



Summary of Assets Dec. 31, 1897. 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



$152,174 26 

590,400 00 

63,101 99 

1,750 00 

30,774 02 

100 00 



,300 27 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 



,395 26 
45,897 45 



104,292 71 



Balance, 



. $734,007 56 



Liabilities. 

Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums, ..... 
Reinsurance, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, 



$7,873 98 
1,687 06 

91,426 82 

5,604 79 

2,156 01 

79 29 



,827 95 
4,753 54 



104,074 41 



$629,933 15 
200,000 00 



Surplus over capital, . $429,933 15 



THE ALLIANCE ASSURANCE .CO. 



405 



Income. 

Fire premiums outstanding Dec. 31, 1896 
Premiums on risks written or renewed, 

Total, ...... 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, . 

Miscellaneous, .... 

Received from home office, 

Gross cash income, 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent, .... 

for miscellaneous, . 
Remitted to home office, . 
Reconstruction of office, San Francisco, 



Gross cash expenditures, 



|12,882 94 
209,192 45 



|222,075 39 
31,090 07 

$190,985 32 
31,978 48 



sources, 



$325,429 11 



,244 58 
2,976 31 



$221,920 42 
38,180 50 



$159,006 84 

1,261 65 

8,692 23 

1,552 65 

113 00 



$170,626 37 



,268 27 

38,951 69 

12,559 45 

3,349 96 

912 55 

16,899 36 



$115,941 28 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

,456,985 00 $171,737 57 
16,196,702 00 209,192 45 



Total, . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



,653,687 00 $380,930 02 
12,168,302 00 163,356 88 



$18,485,385 00 $217,573 14 
1,388,553 00 15,938 14 



$17,096,832 00 $201,635 00 



Miscellaneous. 
Fire losses incurred during the year, 



$52,389 00 



406 " ATLAS ASSURANCE CO. 



UNITED STATES BRANCH OF THE "ATLAS ASSURANCE 
COMPANY," LONDON, ENGLAND. 

Deposit Capital, $200,000. 

J. M. NEUBUROER, United States Manager. 

Office, Chicago, III. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value, 

United States bonds, . $300,000 00 $337,500 00 

Boston city bonds, ...... 180,000 00 202,500 00 

Fitchburg Railroad bonds, 

Pennsylvania Railroad bonds, . 

N. Y. Central & Hudson River Railroad bonds, 

Boston & Maine Railroad bonds, 

New York & Putnam Railroad bonds, 

Louisville, Ky., city bonds, 

St. Louis, Mo., city bonds, 

Massachusetts State highway loan, . 



20,000 00 20,200 00 

25,000 00 29,250 00 

25,000 00 25,812 50 

25,000 00 30,000 00 

25,000 00 25,750 00 

50,000 00 52,750 00 

15,000 00 16,200 00 

100,000 00 108,250 00 



$765,000 00 $848,212 50 

Summary of Assets Dec. 81, 1897. 

Stocks and bonds, as per schedule, . , . $848,212 50 

Cash in the office of the company, . . „ 257 88 

Cash deposited in bank, ..... 82,449 42 

Interest due and accrued, ..... 8,447 50 

Premiums in course of collection (gross), . 88,988 13 

Gross assets, . . . . . . — $1,028,355 43 

Unadmitted. 

Deduct special deposits in other States, . . $112,500 00 

Cash not in control of trustees, . . . 82,707 30 

_____ 195,207 30 

Balance, ...,.....: $833,148 13 

Liabilities. 

Losses adjusted, unpaid, ..... $ 3,466 11 

claimed and reported, . 29,534 16 

disputed or resisted, .... 2,984 66 

Total amount of losses, . $ 35,984 93 

Less reinsurance, ....... 120 00 

Net amount of unpaid losses, . $35,864 93 



ATLAS ASSURANCE CO. 



407 



Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, . 



Surplus as regards policy holders, , 
Deposit capital, ..... 



$404,758 03 

1,068 69 

5,621 58 

16,325 60 

2,910 41 

$466,549 24 
20,870 40 



Surplus over capital, . 



- $445,678 84 

. $387,469 29 
200,000 00 

. $187,469 29 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Same not collected, . 

Net collected, ..... 
Premiums on risks written or renewed, . 

Total, . . . ... 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources 

Deposits received for perpetual fire risks, 

Received from home office, 

Gross cash income, .-."".*'. 



$88,165 60 
71 42 




$88,094 18 
707,669 34 




. $795,763 52 
88,988 13 




. $706,775 39 
135,972 89 

3es, . 

$1,068 69 
143,430 39 


$570,802 50 
30,699 42 


• \ • 


$601,501 92 



Expenditures. 
Cash paid for fire losses, ..... $306,325 68 

Deduct salvage and reinsurance, . . , 11,966 34 

Net cash paid for fire losses, .... — — ■ — — $294,359 34 

Cash paid for commissions and brokerage, « 108,815 97 

for salaries of officers and employees, . . . 41,259 35 
for State and local taxes, ..... 14,678 48 

for miscellaneous, ....... 50,414 60 

Remitted to home office, ..... $239,980 00 



Gross cash expenditures, 



$509,527 74 



408 BALOISE FIRE INSURANCE CO. 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1896, . $73,636,781 00 f 862,487 45 

Fire risks written during 1897, . . 63,900,042 00 707,669 34 

Total, $137,536,823 00 $1,570,156 79 

Deduct risks expired and terminated, . 61,761,834 00 704,119 50 



In force at end of year, .... $75,774,989 00 $866,037 29 

Deduct amount reinsured, . . . 3,848,491 00 43,605 52 



Net amount in force, .... $71,926,498 00 $822,431 77 

Perpetual risks in force (not incl'd above), $ 32,456 00 $1,068 69 

Miscellaneous. 

Fire losses incurred during the year, $305,271 00 



UNITED STATES BRANCH OF THE « BALOISE FIRE INSURANCE 
COMPANY," BASLE, SWITZERLAND. 

Deposit Capital, $200,000. 

WEED & KENNEDY, United States Managers. 

Office, New York City. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

:United States bonds, ..... $200,000 00 $256,000 00 
•Consolidated stock of city of New York, . 300,000 00 321,000 00 



$500,000 00 $577,000 00 

Summary of Assets Dec. 31, 1897. 

Stocks and bonds, as per schedule, . . . $577,000 00 

Cash in the office of the company, . . . 580 31 

Cash deposited in bank, . , . . . . 84,007 13 

Interest due and accrued, ..... 1,750 00 

Premiums in course of collection (gross), . 61,459 98 
<Preim ? s more than three mos. due, . $501 20 

Gross assets, . . . . . . — — — $724,797 42 

Unadmitted. 
Cash not in control of trustees, ...... 15,020 33 



Balance, $709,777 09 

Liabilities. 

Losses adjusted, unpaid, . ... . $4 00 

Losses claimed and reported, ...» 2,964 41 

Unearned premiums on outstanding risks, . 86,392 36 



BALOISE FIRE INSURANCE CO. 409 

Commissions and brokerage, . $16,307 73 

Return premiums, ...... 10,150 13 

Reinsurance, 1,474 29 

Gross liabilities, except capital, . . $117,292 92 

Surplus as regards policy holders, ...... $592,484 17 

Deposit capital, ......... . 200,000 00 

Surplus over capital, - . . . $392,484 17 

Income. 

Fire premiums outstanding Dec. 31, 1896, . $739 65 

Premiums on risks written or renewed, . . 206,703 66 

Total, . . . . . . . . $207,443 31 

Premiums now in course of collection, . , 61,961 18 

Entire premiums collected, .... $145,482 13 
Less reinsurance and return premiums, . . 27,484 88 

Net cash fire premiums received, . . . $117,997 25 

Interest and dividends received from all sources, . . . 7,880 05 

Received from home office, .... $576,374 45 

Gross cash income, . , . . . . . . $125,877 30 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for commissions and brokerage, 

for State and local taxes, 

for miscellaneous, , 
Remitted to home office, .... 

Gross cash expenditures, . 

Risks and Premiums. 

Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Miscellaneous 
Fire losses incurred during the year, 



$4,392 82 




13 23 






$4,379 59 




. 


38,132 15 


a ■ 


63 46 


• 


1,235 61 


$2,768 33 




• • • 


$43,810 81 


s. 


Premiums. 


$856,343 00 


$8,171 36 


18,831,487 00 


206,703 66 



$19,687,830 00 $214,875 02 
5,319,244 00 51,565 34 



$14,368,586 00 $163,309 68 
190,050 00 2,022 13 



$14,178,536 00 $161,287 55 



$7,249 00 



410 



BRITISH AMERICA ASSURANCE CO, 



UNITED STATES BRANCH OF THE » BRITISH AMERICA ASSUR- 
ANCE COMPANY," TORONTO, CANADA. 

Deposit Capital, $200,000. 

FREDERICK B. CARPENTER, Attorney. 

Office, 92 Water Street, Bosto?i< 



Detailed Statement of Stocks and Bonds. 



United States bonds, 

Georgia State bonds, 

City of Richmond, Ya , bonds,. 

City of Toledo, Ohio, bonds, . 

City of Columbus, Ohio, bonds, 

City of London, Canada, bonds, 

City of Toronto, Canada, bonds. 

City of Kingston, Canada, bonds, 

City of Winnipeg, Canada, bonds, 

City of Brooklyn, N. Y., bonds, 

City of Riverside, Cal., bonds, . 

City of Colorado Springs, Col., bonds, 

New York & West Shore R.R bonds, 

Central Canada L. & S. Co.'s debentures, 

Dominion of Canada bonds, 

Toronto Electric Light Co. bonds, 

Chicago Electric Transit Company's bonds, 

Rochester Electric Railway Company's bonds 

Freehold Loan and Savings stock, . 



Par Value. 

1275,000 00 
25,000 00 
26,300 00 
60,000 00 
50,000 00 
150,000 00 
40,000 00 
20,000 00 
20,000 00 
30,000 00 
25,000 00 
25,000 00 
50,000 00 
25,000 00 
12,000 00 
20,000 00 
25,000 00 
25,000 00 
12,000 00 



Market Value, 

$310,062 50 

29,250 00 

26,300 00 

63,670 00 

53,475 00 

160,333 50 

40,804 00 

23,020 00 

22,704 00 

32,400 00 

27,180 00 

26,325 00 

55,375 00 

25,000 00 

12,654 00 

20,750 00 

27,437 50 

27,062 50 

12,000 00 



|915,300 00 $995,803 00 



Summary of Assets Dec. 31, 1897. 

. $995,803 00 

41,652 69 

14,627 59 



Stocks and bonds, as per schedule, . 
Cash deposited in bank, 
Interest due and accrued, '. . 

Premiums in course of collection (gross), . 204,108 14 
Notes taken for fire risks, . . . . . 12,123 91 

Gross assets, ...... ■ - — — — 

Unadmitted. 

Deduct special deposits in other States* . . $274,525 00 

Cash not in control of trustees, . . . 41,652 69 



,268,315 83 



316,177 



Balance, 



$952,137 64 



BRITISH AMERICA ASSURANCE CO. 



411 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums, , . ■ . » 
Reinsurance, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Deposit capital, 

Surplus over capital, . . 

Income 

Fire premiums outstanding Dec. 31, 1896 
Premiums on risks written or renewed, 

Total, ....,„ 
Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1896, 

Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash marine premiums received, 

Interest and dividends received from all sources, 

Gross cash income, 



$13,278 66 

94,274 64 

10,739 45 
615,091 30 

41,702 32 

27,041 97 
1,394 13 

$803,522 47 
90,391 02 
_ _ $713,131 45 



$179,012 38 
1,154,275 47 

fl,333,287 85 
197,039 85 



$1,136,248 00 
253,869 63 

$19,782 04 
205,590 35 

$225,372 39 
19,192 20 

$206,180 19 
47,488 54 



$239,006 19 
200,000 00 



,006 19 



$882,378 37 



158,691 65 
34,561 41 

.,075,631 43 



EXPENDITUfiES. 

Cash paid for fire losses, . . . $500,679 22 

Deduct salvage and reinsurance, . . . 13,774 85 

Net cash paid for fire losses, .... - — — $486,904 37 

Cash paid for marine and inland losses, . . $138,306 98 

Deduct salvage and reinsurance, . . . 22,623 97 

Net cash paid for marine and inland losses, . — — — 115,683 01 



412 BRITISH AND FOREIGN MARINE INSURANCE CO. 

Cash paid for commissions and brokerage, . . . . $194,284 06 

for salaries of officers and employees, . . . 41,193 66 

for State and local taxes, ..... 29,732 13 

for miscellaneous, . . . . . . ,~ 72,390 21 

Remitted to home office, ..... f 96,457 81 



Gross cash expenditures, f 940,187 44 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1896, . . 186,550,906 00 $1,151,247 91 
Fire risks written during 1897, . . . 95,100,144 00 1,154,275 47 



Total, $181,651,050 00 $2,305,523 38 

Deduct risks expired and terminated, . . 82,046,685 00 1,122,149 67 



In force at end of year, .... . $99,604,365 00 $1,183,373 71 
Deduct amount reinsured, .... 5,261,220 00 55,422 67 



Net amount in force, $94,343,145 00 $1,127,951 04 

Marine risks outstanding Dec. 31, 1896, . . $2,473,279 00 $33,246 93 
Marine risks written during 1897, . . . 24,097,786 00 205,590 35 



Total, - .$26,571,065 00 $238,837 28 

Deduct risks expired and terminated, . . 24,460,012 00 196,954 94 



In force at end of year, $2,111,053 00 $41,882 34 



Miscellaneous. 

Fire losses incurred during the year, $491,420 00 

Marine and inland losses incurred during the year, . . 120,320 00 



UNITED STATES BRANCH OF THE "BRITISH AND FOREIGN 
MARINE INSURANCE COMPANY (LIMITED)," LIVERPOOL, 

ENGLAND. 

Deposit Capital, $300,000. 

FRANK G-AIR MACOMBER, Attorney. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Boston & Lowell R.R. bonds, . . . . $100,000 00 $102,000 00 

Fitchburg R.R. bonds, 30,000 00 30,300 00 

Boston, Clinton, Fitch. & N. Bedford R.R. b'ds, 2,000 00 2,260 00 



BRITISH AND FOREIGN MARINE INSURANCE CO. 



413 



New England R.R. bonds, 

Massachusetts State bonds, 

Boston & Maine R.R. bonds, 

Old Colony R.R. bonds, . 

Eastern R.R. bonds, . 

Brooklyn city bonds, 

New York city water stock, 

United States bonds, . 

City of Portland water bonds, 

Allegheny Valley R.R. bonds, 

Pennsylvania R.R. bonds, . 

Chicago, Mil. & St. Paul R.R. bonds, 

Richmond city bonds, 

Lehigh Valley R.R. bonds, 

N. Y. Cent. & Hudson River R.R. bonds, 

Pittsburgh, F't Wayne & Chicago R.R. stock, 

Cleveland & Pittsburgh R.R. stock, . 



Par Value. 

$50,000 00 
12,000 00 
1,000 00 
87,000 00 
22,839 80 
42,000 00 
58,000 00 

235,000 00 
9,000 00 

100,000 00 
68,100 00 
75,000 00 
50,000 00 
35,000 00 
50,000 00 
50,000 00 
25,000 00 



Market Value. 

$63,250 00 
13,200 00 
1,200 00 
92,980 00 
27,120 96 
42,000 00 
58,000 00 

263,391 67 
10,327 50 

127,250 00 
75,246 75 
84,750 00 
47,500 00 
34,212 50 
51,333 33 
83,375 00 
41,854 17 



$1,101,939 80 $1,251,551 88 



Summary op Assets Dec. 31, 1897. 

Loans on mortgage of real estate (first liens), . $41,000 00 

Interest due or accrued thereon, . . . 972 50 

Stocks and bonds, as per schedule, . . . 1,251.551 88 

Cash deposited in bank, ..... 35,362 48 

Interest due and accrued, ..... 15,396 88 

Premiums in course of collection (gross), . 374,215 61 

Due from other companies, . . . . 72,304 99 
Prem's more than three mos. due, $38,663 55 

Gross assets, - — 



.,790,804 34 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 
Due from other companies, 



$192,300 00 
35,362 48 
72,304 99 



299,967 47 



Balance, $1,490,836 87 



Liabilities. 
Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc 
State and local taxes, . . 
Commissions and brokerage, . 



$352,550 05 
24,045 00 

$376,595 05 
120,500 88 

$256,094 17 

497,596 21 

42 60 

4,645 48 

34,555 76 



414 



BRITISH AND FOREIGN MARINE INSURANCE CO. 



Reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, . . . 

Surplus over capital, . 



Income. 

Marine premiums outstanding Dec. 31, 1896, 
Same not collected, ..... 

Net collected, ..... 
Premiums on risks written or renewed, . 

Total, . . . j. ' . 
Premiums now in course of collection, 



$79,209 46 
120,500 88 

r ,644 56 
14,916 63 



$435,241 12 
15,429 39 

$419,811 73 
2,693,548 59 

^3,113,360 32 
412,879 16 



Entire premiums collected, .... $2,700,481 16 
Less reinsurance and return premiums, . . 961,075 74 

Net cash marine premiums received, „ . 

Interest and dividends received from all sources, . 
Received from home office, . $474,837 07 



Gross cash income, ..... 

Expenditures. 

Cash paid for marine and inland losses, . 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, . 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 
Remitted to home office, ..... 

Gross cash expenditures, .... 

Risks and Premiums. 



.,755,356 66 
834,057 16 



,019 53 



Marine risks outstanding Dec. 31, 1896, 
Marine risks written during 1897, , 

Total,. ... 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 



$45,296,249 00 
965,815,879 00 

.,011,112,128 00 
966,189,711 00 

$44,922,417 00 
11,790,645 00 



$977,727 93 



$513,108 94 
300,000 00 

$213,108 94 



.,739,405 42 
54,537 88 



,793,943 30 



$921,299 50 

230,234 07 

130,323 10 

36,098 06 

.1,317,954 73 

Premiums. 

$156,668 79 
2,693,548 59 

^3,150,217 38 
2,652,621 17 

$497,596 21 
164,538 10 



Net amount in force, . 

Miscellaneous. 
Marine and inland losses incurred during the year, 



$33,131,772 00 $333,058 11 



$955,846 00 



CALEDONIAN INSURANCE CO. 



415 



UNITED STATES BRANCH OF THE "CALEDONIAN INSURANCE 
COMPANY," EDINBURGH, SCOTLAND. 



Deposit Capital, $200,000. 

ARLES H. POST, ) __ 

A. McNEIL, J Mana 9 e rs. 

Office, New York, N. Y, 



Detailed Statement of Stocks and Bonds. 



United States bonds, . 

New York city bonds, 

Central R.R. of New Jersey bonds, . 

Baltimore & Ohio R.R. bonds, . . 

Penn. & New York Canal & Railroad bonds, . 

New York, Chicago & St. Louis R R. bonds, . 

Lehigh Valley R R. bonds, . 

Chicago, Burlington & Quincy R.R. bonds, 

Allentown Terminal R.R. bonds, 

Richmond & Petersburg R.R bonds, 

St. Paul, Minneapolis & Manitoba R.R. bonds, 

Lake Erie & Western Railroad bonds, 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Phila., Wilmington & Baltimore R.R. bonds, 

St. Paul, Minneapolis & Manitoba R.R. bonds 

Long Island R R. Co. bonds, . 

Chicago, Rock Island & Pacific R.R. bonds, 

Portland, Oregon, water loan bonds, 

State of Georgia bonds, , 

Lehigh Valley Coal Company bonds, 

City of Richmond, Va., bonds, . 

Jersey City bonds, .... 

Fremont, Elkhorn & Missouri Valley R.R. b'ds 

Albany & Susquehanna R.R bonds, 

Chicago, Milwaukee & St. Paul R.R. stock, 

N. Y. Central & Hudson River R.R. stock, 

Pennsylvania R.R. stock, .... 

Lake Shore & Michigan Southern R.R. stock, 



Par Value. 

$300,000 00 
325,000 00 
110,000 00 
100,000 00 
100,000 00 
60,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
25,000 00 
25,000 00 
25,000 00 
34,000 00 
15,000 00 
15,000 00 
20,000 00 
20,000 00 
25,000 00 
20,000 00 



Market Value. 

$337,500 00 
333,906 25 
122,650 00 
83,000 00 
91,000 00 
63,750 00 
58,000 00 
49,162 00 
50,500 00 
50,500 00 
46,750 00 
58,750 00 
60,375 00 
53,000 00 
54,000 00 
42,250 00 
53,750 00 
57,375 00 
25,000 00 
24,500 00 
25,000 00 
39,840 00 
20,100 00 
18,300 00 
28,500 00 
21,250 00 
28,625 00 
34,200 00 



$1,819,000 00 $1,931,533 25 



Summary of Assets Dec 



Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 



31, 1897. 

$1,931,533 25 

1,979 53 

92,587 45 

23,734 13 



416 



CALEDONIAN INSURANCE CO. 



Premiums in course of collection (gross), 
Notes taken for fire risks, .... 

Due from other companies, .... 
Prem's more than three mos. due, . $5,637 23 
Gross assets, ....... 



$161,500 94 

404 05 

r- 538 88 



5,212,278 23 



Unadmitted. 
Special deposits in other States, 
Due from unauthorized companies, . 
Due for bills receivable, .... 
Cash not in control of trustees, 

Balance, ...... 



$219,875 00 

415 57 

404 05 

71,319 50 



292,014 12 
. $1,920,264 11 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding 
Commissions and brokerage, . 
Reinsurance, .... 
Contingent and miscellaneous, 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Deposit capital, ; 

Surplus over capital, . 



risks 



$109,732 35 
54,243 00 
18,256 66 

$182,232 01 
7,167 01 

$175,065 00 

945,678 46 

29,495 83 

17,323 22 

12,402 37 

2,390 23 

51,182,355 11 
90,689 98 



1,091,665 13 

$828,598 98 
200,000 00 

$628,598 98 



Income. 
Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, . . 
Premiums now in course of collection, 



Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Gross cash income, , , 



$165,751 82 
1,688,873 41 



11,854,625 23 
167,138 17 



,687,487 06 
356,456 81 



.,331,030 25 
71,502 52 

L,402,532 77 



COMMERCIAL UNION ASSURANCE CO. ( LIMITED) . 417 



Expenditures. 
Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, . 
Remittances to home office, 



Gross cash expenditures, 



,757 31 
46,734 87 



$122,100 83 



$699,022 44 

270,742 54 

87,614 35 

37,911 83 

70,009 48 



$1,165,300 64 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



Risks and Premiums. 

Premiums. 

$190,682,369 00 $2,124,809 85 
150,689,290 00 1,688,873 41 



Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, 

Deduct amount reinsured, . . 

Net amount in force, . 



$341,371,659 00 $3,813,683 26 
157,693,679 00 1,771,936 94 



$183,677,980 00 $2,041,746 32 
12,427,658 00 139,079 45 



$171,250,322 00 $1,902,666 87 



Miscellaneous. 
Fire losses incurred during the year, 



. $707,089 00 



UNITED STATES BRANCH OF THE "COMMERCIAL UNION 
ASSURANCE COMPANY (LIMITED)," LONDON, ENGLAND. 

Deposit Capital, $200,000. 
CHARLES SEWALL, Resident Manager. 

Office, New York, N. Y. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $425,000 00 $478,125 00 

Akron & Chicago Junction R.R. bonds, . . 30,000 00 24,000 00 

Central of New Jersey R.R. bonds, . . . 50,000 00 55,000 00 

Chicago, Burlington & Quincy R.R bonds, . 100,000 00 103,750 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 150,000 00 182,375 00 

Chicago & Northwestern R.R. bonds, . . 122,000 00 151,920 00 

Chicago, Rock Island & Pacific R.R. bonds, . 60,000 00 80,400 00 

Cleve., Cin., Chicago & St. Louis R.R. bonds, . 50,000 00 45,000 00 

Indianapolis & Vincennes R.R. bonds, . . 65,000 00 79,300 00 

Lehigh Valley of New York R.R. bonds, . 50,000 00 50,500 00 

Lehigh Valley Terminal R.R. bonds, . . 50,000 00 55,750 00 



418 COMMERCIAL UNION ASSURANCE CO. ( LIMITED) . 





Par Value. 


Market Value. 


Michigan Central R R. bonds, . 


f 40,000 00 


42,400 00 


Milwaukee, Lake Shore & Western R.R. bonds 


25,000 00 


34,000 00 


N. Y. Central & Hudson River R.R. bonds, 


30,000 00 


34,800 00 


New York, Lackawanna & Western R.R. b'ds 


50,000 00 


68,500 00 


Pitts., Fort Wayne & Chicago R.R. stock, 


15,000 00 


25,275 00 


Western Pennsylvania R.R. bonds,. . 


50,000 00 


51,500 00 


West Shore Guaranteed R.R. bonds, 


50,000 00 


54,750 00 


New York city bonds, .... 


200,000 00 


215,000 00 




$1,612,000 00 $1,832,345 00 


Summary of Assets Dec 


. 31, 1897. 




Cash value of unencumbered real estate, 


$888,148 69 




Loans on mortgage of real estate (first liens*) 


24,000 00 




Interest due or accrued thereon, 


180 00 




Stocks and bonds, as per schedule, . 


1,832,345 00 




Cash in the office of the company, . 


466 62 




Cash deposited in bank, .... 


499,097 59 




Interest due and accrued, .... 


23,949 97 




Premiums in course of collection (gross), 


398,296 58 




Notes taken for marine and inland risks, . 


1,375 00 




Rents due and accrued, .... 


5,964 53 




Due from other companies, 


5,612 72 




Prem's more than three mos due, . $2,935 4£ 


> 




Gross assets, 




$3,679,436 70 




Unadmitted. 






Special deposits in other States, 


$253,125 00 




Cash not in control of trustees, 


66,624 50 




Bills receivable, ..... 


1,375 00 




Due from unauthorized companies, . 


1,822 61 


322,947 11 








$3,356,489 59 


Liabilities. 






Losses adjusted, unpaid, . 


$84,406 32 




claimed and reported, . . . 


101,597 00 




disputed or resisted, . 


19,275 00 




Total amount of losses, . 


$205,278 32 




Less reinsurance, . . . 


5,494 00 




Net amount of unpaid losses, . 


$199,784 32 




Unearned premiums on outstanding risks, 


1,829,483 02 




Reclaimable on perpetual fire policies, . 


87,740 37 




Commissions and brokerage, . 


51,139 57 




* Value of lands mortgaged, * 


. $15,000 00 


Value of buildings thereon, . 


22,000 00 



COMMERCIAL UNION ASSURANCE CO. (LIMITED) . 419 



Return premiums, . . . . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, . 



Surplus over capital, 



$15,093 76 
9,583 30 
1,190 44 

,194,014 78 
184,952 28 



5,009,062 50 

,347,427 09 
200,000 00 

.,147,427 09 



Income. 
Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total,. . . ' . 
Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1896, 

Premiums on risks written or renewed, . 



$360,218 23 
2,863,183 5Q 



Total, ....... 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest and dividends received from all sources, . 

Income from rents, 

Deposits received for perpetual fire risks, . $10,589 40 



$3,223,401 79 
397,732 06 


$2,825,669 73 
562,535 18 


$1,271 29 
57,074 02 


$58,345 31 
3,500 00 


$54,845 31 
22,623 08 



$2,263,134 55 



32,222 23 
72,089 22 
32,726 65 



Gross cash income, $2,400,172 65 



Expenditures. 

Cash paid for fire losses, $ 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, .... 



,141,265 11 
26,195 79 

$97,849 81 
33,439 04 



.,115,069 32 



64,410 77 
426,941 47 
147,770 05 

64,734 50 
133,433 07 

$1,952,359 18 



420 



HAMBURG-BREMEN FIRE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 


Premiums. 

$368,841,876 00 $3,852,437 89 
283,102,380 00 2,863,183 56 


Total, 

Deduct risks expired and terminated, 


$651,944,256 00 $6,715,621 45 
280,796,818 00 2,971,914 46 


In force at end of year, . 
Deduct amount reinsured, 


$371,147,438 00 $3,743,706 99 
14,131,718 00 115,471 00 


Net amount in force, 

Perpetual risks in force (not incl'd above) 

Marine risks outstanding Dec. 31, 1896, , 
Marine risks written during 1897, . 


$357,015,720 00 $3,628,235 99 

$4,669,933 00 $97,489 30 

. $475,300 00 $14,420 86 
. 31,177,653 00 57,074 20 


Total, 

Deduct risks expired and terminated, 


.$31,652,953 00 
. 31,179,107 00 


$71,495 06 
69,024 26 


In force at end of year, 
Deduct amount reinsured, 


. $473,846 00 
385,246 00 


$2,470 80 
1,882 38 


Net amount in force, . 

MlSCELLAN 

Fire losses incurred during the year, 
Marine and inland losses incurred durinc 


$88,600 00 

EOUS. 

£ the year, 


$588 42 

$1,113,718 00 
42,411 00 



UNITED STATES BRANCH OF THE "HAMBURG-BREMEN FIRE 
INSURANCE COMPANY," HAMBURG, GERMANY. 

Deposit Capital, $200,000. 
F. O. AFFELD, Resident Manager. 

Office, New York, N. Y.\ 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $100,000 00 $112,250 00 

Georgia State bonds, ..... 25,000 00 28,500 00 

New York city water stock, .... 130,000 00 129,675 00 

New York city schoolhouse bonds, . . . . 100,000 00 99,500 00 

Portland, Ore., city bonds, .... 50,000 00 56,750 00 

Providence, R. L, city bonds, ... . 25,000 00 28,625 00 

Richmond, Va., city bonds, .... 15,000 00 16,950 00 

St. Louis, Mo., city bonds, .... 25,000 00 25,250 00 

Edison Electric Illuminating Co. of N.Y.b'ds, 20,000 00 22,400 00 

Atchison, Topeka & Santa Fe R R. bonds, . 30,000 00 26,850 00 

Beech Creek R.R. bonds, 20,000 00 21,500 00 

Central of Georgia R.R. bonds, . . . 30,000 00 35,250 00 

Central R.R. of New Jersey bonds,. . . 30,000 00 33,750 00 



HAMBURG-BREMEN FIRE INSURANCE CO. 



421 



Central Ohio R.R. bonds, .... 

Central Pacific R.R. bonds, 

Chicago, Milwaukee & St. Paul bonds, . 

Chicago & Noiih Western R.R. bonds, . 

Cin., Indian., St. Louis & Chicago R.R bonds 

Denver & Rio Grande R.R. bonds, . 

East Tennessee, Virginia & Georgia R.R. bonds 

Illinois Central R R. bonds, 

Kansas Pacific R.R. bonds, 

Lake Erie & Western R.R. bonds, 

Long Island R R. bonds, . 

Louisville & Nashville R R. bonds, 

Milwaukee, Lake Shore & West R R. bonds, 

Missouri, Kansas & Texas R.R. Co bonds, 

New York, Chicago & St. Louis R.R. bonds, 

New York, Lake Erie & Western R.R. bonds 

New York, Ontario & Western R.R. bonds, 

Northern Pacific R.R. Co. bonds, 

Oregon Railway & Navigation Co. bonds,. 

Pacific R.R. of Missouri bonds, 

Pennsylvania Co. bonds, .... 

Pennsylvania R.R bonds, 

Pittsburgh, Cin., Chic. & St. Louis R.R. bonds 

St. Paul, Minneapolis & Manitoba R.R. bonds 

Scioto Valley & New England R.R. bonds, 

Union Pacific R.R. bonds, .... 

Wabash R.R. bonds, 



Par Value. 

$25,000 00 

20,000 00 

60,000 00 

10,000 00 

30,000 00 

25,000 00 

25,000 00 

50,000 00 

20,000 00 

30,000 00 

30,000 00 

30,000 00 

1,000 00 

20,000 00 

30,000 00 

25,000 00 

25,000 00 

30,000 00 

15,000 00 

30,000 00 

30,000 00 

25,000 00 

30,000 00 

30,000 00 

30,000 00 

20,000 00 

30,000 00 



Market Value. 

$24,500 00 
20,475 00 
69,750 00 
14,400 00 
30,150 00 
22,750 00 
27,593 75 
50,000 00 
22,000 00 
35,250 00 
35,100 00 
30,000 00 
1,160 00 
17,150 00 
31,875 00 
36,125 00 
24,312 50 
28,687 50 
13,987 50 
31,350 00 
34,500 00 
28,600 00 
33,450 00 
32,475 00 
24,900 00 
23,000 00 
32,250 00 



$1,326,000 00 $1,413,041 25 



Summary of Assets Dec. 31, 1897. 

Stocks and bonds, as per schedule, . . . $1,413,041 25 

Cash deposited in bank, 62,370 01 

Interest due and accrued, ..... 1,000 00 

Premiums in course of collection (gross), , 137,994 25 
Prem's more than three mos. due, $3,086 16 

Gross assets, . . . . . . — ■ 

Unadmitted. 

Special deposits in other States, . . . $102,200 00 

Cash not in control of trustees, . . . 62,370 01 

Stocks and bonds not in control of trustees, . 189,035 00 

Interest, 1,000 00 



$1,614,405 51 



354,605 01 



Balance, $1,259,800 50 

Liabilities. 
Losses adjusted, unpaid, $8,915 00 

claimed and reported, .... 55,795 00 

disputed or resisted, .... 15,950 00 



422 



HAMBURG-BREMEN FIRE INSURANCE CO. 



Unearned premiums on outstanding risks 
Commissions and brokerage, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, ~i 



Surplus over capital, 



$806,642 70 
'24,924 83 

$912,227 53 
56,369 01 



$855,858 52 

$403,941 98 

200,000 00 

$203,941 98 



Income. 



Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . 

Interests and dividends received from all sources, . 

Gross cash income, 



$127,914 79 
1,359,027 85 

$1,486,942 64 
137,994 25 

$1,348,948 39 
255,384 11 



$1,093,564 28 
56,231 64 

$1,149,795 92 



Expenditures. 

Cash paid for fire losses, $554,803 24 

Deduct salvage and reinsurance, . . . 22,820 95 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, .... 

Gross cash expenditures, , . 



$531,982 29 

211,502 71 

96,060 41 

28,982 28 

76,119 37 

$944,647 06 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1896, . $131,124,118 00 $1,619,989 61 
Fire risks written during 1897, . . 111,693,598 00 1,359,027 85 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 



$242,817,716 00 $2,979,017 46 
110,169,612 00 1,348,351 66 



$132,648,104 00 $1,630,665 80 
. 3,580,082 00 42,896 75 



Net amount in force, .... $129,068,022 00 $1,587,769 05 

Miscellaneous. 



Fire losses incurred during the year, 



. $548,557 00 



HELVETIA SWISS FIRE INSURANCE CO. 



423 



UNITED STATES BRANCH OF THE "HELVETIA SWISS FIRE 
INSURANCE COMPANY," ST. GALL, SWITZERLAND. 

Deposit Capital, $200,000. 

WEED & KENNEDY, United States Managers. 

Office, 29 Liberty Street, New York, N. Y. 



Detailed Statement of Stocks 



New York State canal bonds, . 
United States bonds, . 
Lake Erie & Western R.R. bonds, 
Milwaukee, Lake Shore & Western bonds, 
St. Paul & Sioux City bonds, . 
Evansville & Terre Haute bonds, 
Long Island R.R. Co. bonds, 
Pacific R.R. of Missouri bonds, 
Denver & Rio Grande bonds, . 
Central Ohio Railway Co. bonds, 
Cleveland & Mahoning Valley bonds 
Lehigh Valle} 7 Railway Co. bonds, 
New York city bonds, 
Panama R.R. Co. bonds, . 



and Bonds. 

Par Value. 

$200,000 00 

270,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

50,000 00 

20,000 00 



Market Value, 

$204,000 00 

314,100 00 

5,875 00 

6,800 00 

6,525 00 

5,700 00 

5,850 00 

5,225 00 

5,412 50 

4,900 00 

6,000 00 

5,175 00 

53,500 00 

20,300 00 



$590,000 00 $649,362 50 



Summary of Assets Dec. 31, 1897. 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Prem's more than three mos. due, . $500 75 
Gross assets, 



$649,362 50 

42 65 

117,616 31 

3,516 66 

73,139 60 



Unadmitted. 



Cash not in control of trustees, 
Balance, . 



$843,677 72 



2,111 08 
$841,566 64 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 



$5,733 54 

27,620 47 

5,303 95 

$38,657 96 
613 47 



,044 49 



424 



HELVETIA SWISS FIRE INSURANCE CO. 



Unearned premiums on outstanding risks, 
Dae and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Return premiums, .... 
Reinsurance, ..... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Deposit capital, .... 



$183,438 

19 

269 

14,164 

14,833 

760 



63 
29 

75 
12 
70 



Surplus over capital, 

Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Received from home office, .... 

Gross cash income, 

Expenditures. 
Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for miscellaneous, . 
Remitted to home office, . . , 

Gross cash expenditures, . 

Risks and Premiums. 

Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 



$251,530 86 

$590,035 78 

200,000 00 

$390,035 78 



$61,422 
456,581 



65 
15 



$518,003 
73,640 



80 
35 



$444,363 
98,316 



45 
49 



$65,445 00 



^346,046 96 
22,736 83 



,783 79 



Total, . . . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 



. $103,372 22 




3,749 64 






$99,622 58 
82,397 10 


• . « . 


>es, . 


2,625 00 


. . . . 


4,913 15 


. 


14,006 28 


$71,287 77 




. 


$203,564 11 


JMS. 


Premiums. 


. $21,082,129 00 


$222,871 17 


. 46,867,203 00 


456,581 15 



. $67,949,332 
. 31,500,088 



00 
00 



. $36,449,244 
393,595 



00 
00 



$679,452 32 

318,371 19 

$361,081 13 

4,569 73 



Net amount in force, 

Miscellaneous. 
Fire losses incurred during the year, 



.$36,055,649 00 $356,511 40 



$120,264 00 



THE IMPERIAL INSURANCE CO. ( LIMITED). 



425 



UNITED STATES BRANCH OF "THE IMPERIAL INSURANCE 
COMPANY (LIMITED)," LONDON, ENGLAND. 

Deposit Capital, $200,000. 
J. J. COURTNEY, Attorney. 

Office, 33 Pine Street, New York, N. Y. 



Detailed Statement of 



United States bonds, 
New York city bonds, 
City of Boston bonds, 
City of Providence bonds, 
West Shore Railroad bonds, 
Lehigh Valley Railroad bonds, 
West Virginia State certificates, 
County of Essex, N. J., park bonds, 
Hudson County, N. J., bonds, . 



Stocks and Bonds, 

Par Value. 

$481,000 00 
110,000 00 
100,000 00 

50,000 00 
100,000 00 

40,000 00 

28,666 67 
100,000 00 

50,000 00 



Market Value. 

$539,922 50 

109,500 00 

103,625 00 

52,000 00 

109,000 00 

41,400 00 

860 00 

101,000 00 

54,500 00 



.,059,666 67 $1,111,807 50 



Summary of Assets Dec. 31, 1897, 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, 
Rents due and accrued, .... 
Other assets, . . . . 
Prem's more than three mos. due, $9,341 74 
Gross assets, 



$476,634 70 

1,111,807 50 

138,590 85 

5,091 66 

173,090 56 

954 81 

3,741 31 

255 49 



.,910,166 88 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 
Bills received for fire risks, 
Miscellaneous, . 



$275,012 50 

138,590 85 

954 81 

255 49 



414,813 65 



Balance, $1,495,353 23 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



,653 17 
74,133 98 
10,696 50 



$103,483 65 
3,170 52 



,313 13 



426 



THE IMPERIAL INSURANCE CO. (LIMITED) 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, .... 

Surplus over capital, . 

Income 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 



$807,906 48 

12,032 81 

965 86 

$921,218 28 
84,538 39 



$836,679 89 

$658,673 34 

200,000 00 

$458,673 34 



$160,165 67 
1,443,262 22 

$1,603,427 89 
182,432 30 

$1,420,995 59 
293,683 10 



Entire premiums collected, . . 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Income from rents, .... 

Gross cash income, 

Expenditures. 

Cash paid for fire losses, $620,394 68 

Deduct salvage and reinsurance, . . . 41,060 61 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, ..... 

Gross cash expenditures, .... 

Risks and Premiums. 



$1,127,312 49 
40,082 78 
11,325 79 

$1,178,721 06 



$579,334 07 

217,262 01 

97,501 11 

30,341 35 

80,982 23 

1,005,420 77 



Fire risks outstanding Dec. 31, 1896, 
Fire risks written during 1897, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$159,290,319 00 

122,287,580 00 

$281,577,899 00 

120,874,075 00 

$160,703,824 00 

10,063,884 00 



Premiums. 

$1,720,213 49 

1,443,262 22 

$3,163,475 71 

1,419,324 87 

$1,744,150 84 

107,709 22 



$150,639,940 00 $1,636,441 62 



Miscellaneous. 

Fire losses incurred during the year, 



$611,875 00 



THE LANCASHIRE INSURANCE CO. 



427 



UNITED STATES BRANCH OF "THE LANCASHIRE INSURANCE 
COMPANY," MANCHESTER, ENGLAND. 

Deposit Capital, $200,000. 

E. LITCELFCELD, Resident Manager. 

Office, New York, N. Y. 
Detailed Statement of Stocks and Bonds. 

Par "Value. Market Value. 

United States bonds, ..... $500,000 00 $562,500 00 

Albany & Susquehanna R.R. bonds, . . 15,000 00 17,475 00 

Atchison, Topeka & Santa Fe R.R. bonds, . 52,000 00 40,870 00 

Baltimore & Ohio R.R. bonds 75,000 00 77,300 00 

Brooklyn & Montauk R.R. bonds, . . . 30,000 00 32,100 00 

Chicago, Burlington & Quincy R.R. bonds, . 35,000 00 35,700 00 

Chicago, St. Paul & Milwaukee R.R. bonds, . 45,000 00 52,875 00 

Chicago & Northwestern bonds, . . . 40,000 00 42,000 00 

Chicago, Rock Island & Pacific R.R. bonds, . 20,000 00 26,000 00 

Chic, St. Louis & New Orleans R.R. Co. bonds, 75,000 00 71,000 00 

Chicago, St. Louis & New Orleans R R. bonds, 10,000 00 12,300 00 

City of Portland, Oregon, water bonds, . . 50,000 00 57,500 00 

Detroit, Monroe & Toledo R.R. bonds, . . 19,000 00 22,990 00 

Illinois Central R.R. bonds 45,000 00 44,600 00 

Michigan Central R R. bonds, .... 15,000 00 17,850 00 

New York city bonds, ..... 100,000 00 106,000 00 

N. Y. Central & Hudson River R.R. bonds, . 10,000 00 11,300 00 

New York, Lack & Western R R. bonds, . 15,000 00 21,000 00 

Northern Central R.R. bonds, .... 11,000 00 11,770 00 

North Pennsylvania R.R. bonds, . . . 10,000 00 11,700 00 

Ottumwa, Cedar Falls & St Paul R.R. bonds,. 20,000 00 21,800 00 

Philadelphia & Erie R R. bonds, . . . 18,000 00 23,670 00 

Pennsylvania R.R. Co. bonds, .... 30,000 00 35,100 00 

Rome, Watertown & Ogdensburg R.R bonds, 25,000 00 20,375 00 

Syracuse, Binghamton & N. Y. R.R. bonds, . 22,000 00 27,500 00 

State of Georgia bonds, 25,000 00 25,000 00 

St. Paul & Northern Pacific R.R. bonds, . . 22,000 00 28,270 00 

St. Paul, Minneapolis & Manitoba R.R. bonds, 50,000 00 50,312 50 

Western Pennsylvania R.R. bonds, . . . 10,000 00 10,300 00 

County of Essex, N J , park bonds, . . 25,000 00 25,250 00 

Chicago, Milwaukee & St. Paul R.R. stock, . 10,000 00 14,250 00 



$1,429,000 00 $1,566,657 50 



Summary of Assets Dec. 31, 1897. 
Cash value of unencumbered real estate, . $385,585 72 

Stocks and bonds, as per schedule, . . . 1,566,657 50 
Cash in the office of the company, . , . 996 99 



428 



THE LANCASHIRE INSURANCE CO. 



Cash deposited in bank, . 
Premiums in course of collection (gross), 
Special agents 1 balances, . 
Gross assets, 



$200,383 97 

293,630 01 

653 90 



$2,447,908 09 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 
Special agents' balances, . 



$251,250 00 

48,152 04 

653 90 



300,055 94 



Balance, $2,147,852 15 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual tire policies, . 
State and local taxes, . 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, 



Surplus over capital, . 



$65,170 82 

144,554 21 

23,860 06 

$233,585 09 

5.001 80 

$228,583 29 
1,450,770 02 

4.002 75 
5,000 00 

45,000 00 
2,586 35 

$1,735,942 41 
128,078 04 



1,607,864 37 

$539,987 78 
200,000 00 

$339,987 78 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $269,507 43 

Premiums on risks written or renewed, . . 2,526,303 51 

Total, $2,795,810 94 

Premiums now in course of collection . . . 293,630 01 



Entire premiums collected, . . . . $! 

Less reinsurance and return premiums, . 
Net cash lire premiums received, . . . — 
Interest and dividends received from all sources, 
Income from rents, ...... 

Deposits received for perpetual fire risks, 

Gross cash income, ..... 



1,502,180 93 
524,507 20 



>,005 93 



,977,673 73 

50,869 43 

8,292 11 

!,036,835 27 



THE LAW, UNION AND CROWN FIRE AND LIFE INS. CO. 429 



Expenditures . 

Cash paid for fire losses, $1,019,309 25 

Deduct salvage and reinsurance, . . . 53,401 50 

Net cash paid for fire losses, .... • $965,907 75 

Cash paid for commissions and brokerage, .... 376,648 66 

for salaries of officers and employees, . . 164,728 48 

for State and local taxes, . . . . 48,176 91 

for incidentals, . . . . . ' . . 137,924 21 

Deposits returned on perpetual fire risks, . $ 14 40 



Gross cash expenditures, $1,693,386 01 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1896, . $240,152,793 00 $2,689,561 38 
Fire risks written during 1897, . . 234,202,375 00 2,526,303 51 



Total, |474,355,168 00 $5,215,864 89 

Deduct risks expired and terminated, . 210,454,056 00 2,377,057 00 



In force at end of year, .... $263,901,112 00 $2,838,807 89 
Deduct amount reinsured, . . . 21,650,539 00 184,297 68 



Net amount in force, . . . . $242,250,573 00 $2,654,510 21 
Perpetual risks in force (not incPd above), . $140,700 00 $4,447 50 

Miscellaneous. 
Fire losses incurred during the year, ..... $1,007,233 00 



UNITED STATES BRANCH OF " THE LAW, UNION AND CROWN 
FIRE AND LIFE INSURANCE COMPANY," LONDON, ENGLAND. 

Deposit Capital, $200,000. 

HALL & HENSHAW, United States Managers. 

Office, 35 Pine St., New York City. 
Detailed Statement of Stocks and Bonds. 



United States bonds, .... 

New York city consolidated stock, . 
Illinois Central R.R. bonds, . . 
Standard Gas Light Co. bonds, 
Pitts., Cin., Chicago & St. Louis RR. bonds, 



Par Value. Market Value. 

$200,000 00 $257,000 00 

246,000 00 262,297 50 

20,000 00 20,300 00 

20,000 00 23,200 00 

35,000 00 39,025 00 



$521,000 00 $601,822 50 



430 THE LAW, UNION AND CROWN FIRE AND LIFE INS. CO. 



Summary of Assets Dec 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 

Reinsurance, 

Agents 1 balances, 

Gross assets, 

Unadmitted. 

Cash not in control of trustees, 

Agents 1 balances, 

Reinsurance, ...... 

Balance, . . 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance, ...... 

Reinsurance disallowed, .... 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Deposit capital, 



Surplus over capital, 



Income. 

Premiums on risks written or renewed, . 
Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Income from all other sources, 

Received from home office during the year, 



Gross cash income, 



31, 1897. 

$601,822 50 

18,267 50 

5,509 47 

36,666 67 

21,081 11 



$18,267 50 
21,081 11 
36,666 67 



$14,810 64 

132,162 17 

4,764 16 

10,455 00 

186 42 



$214,906 47 
5,509 47 



$209,397 00 
35,865 69 



$606,447 50 



$683,347 25 



76,015 28 



)07,331 97 



162,378 39 

$444,953 58 
200,000 00 

$244,953 58 



$173,531 31 
7,275 00 

$180,806 31 



Expenditures. 

Cash paid for fire losses, . . . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Remitted to home office during the year, 

Gross cash expenditures, .... 



$58,275 00 



$10,654 92 

52,130 16 

1,050 00 

1,787 88 

369 58 



,992 54 



LION FIRE INSURANCE CO. 



431 



Risks and Premiums. 

Premiums. 

Fire risks written during 1897, . . 124,451,616 00 $214,906 47 

Deduct risks expired and terminated, . 2,426,484 00 20,012 94 



In force a